26/07/2011 Author: Elana Margulies

Lombard Odier to migrate FoHFs to managed accounts

Lombard Odier Investment Managers (LOIM), the asset management business of Geneva-based Lombard Odier Darier Hentsch & Cie, is to migrate its fund of hedge funds (FoHF) portfolios to funds of managed accounts via the platform it established this year.

The three portfolios to be impacted are Alpha Strategies, made up of CTAs, macro and market neutral strategies; the Global Equity Long/Short Fund and the Caesar Fund, which includes credit and event-driven offerings.

To help transition the offerings onto the new platform, known as AMP, LOIM has hired Richard Sharman as portfolio manager. Initially, he will be responsible for onboarding the underlying managers in Alpha Strategies.

Before joining LOIM, Sharman worked for more than seven years as a senior fund of funds manager at London-based Eddington Capital Management, as well as at EFG Asset Management.

“Looking forward, the benefits of giving clients and institutions a risk management tool plus a dynamic allocation process thanks to transparency through our platform are enormous,” said Jerome Teiletche, head of systematic & alternative portfolio construction. “Richard’s extensive experience in hedge fund analysis and investing will be key to rolling out the platform’s capacity over the next couple of years.”

Once all the managers in Alpha Strategies are rolled over onto AMP, LOIM will transition the ones in the long/short and Ceasar Funds. The process is expected to be complete by the end of 2012 and will ultimately have 50 managed accounts. Initially, the platform will be available to the firm’s private bank clients, before being offered to global institutions.