Lombard Odier hires hedge-fund team from Alphagen Capital

Lombard Odier IM has announced  on Wednesday the acquisition of an eight-strong market neutral team from London-based AlphaGen Capital, a subsidiary of Henderson Global Investors, to bolster its hedge fund strategies team.   

The Volantis investment management team will join the Geneva group’s 1798 hedge fund strategies platform, as it transfers from AlphaGen Capital, where it managed over $1 billion in assets in UK equity long/short and long only strategies, Lombard Odier IM said in a statement.

Day-to-day portfolio management is not expected to change, said a news release Wednesday. The liftout is subject to conditions including including board approvals, regulatory approval and investor votes. The deal is expected to be completed in the first quarter of next year.

"As our business model is increasingly focused on more liquid and scalable strategies, we agreed with Volantis that moving to Lombard Odier IM would be in the best interest of investors," said Paul Graham, CEO of AlphaGen Capital.

The acquisition comes just months after Lombard Odier hired a specialist catastrophe bond team and launched the Ucits-compliant LO Funds – CAT Bonds fund.