Fimat has been appointed prime broker to the Barep Omega Fund. This is a new short / medium term managed futures programme.
The Paris based Barep Omega Fund is a managed futures fund that enables Barep AM to complement its long-term trend following strategy (Epsilon) with a separate, uncorrelated short-term approach (Omega) utilising a systematic programme of high frequency trading.
The Euros 26 million fund, launched this month, is a Short/Medium Term Managed Futures Programme whose strategy is to invest in international futures markets – interest rates, currencies, equity indices and commodities – and seek to identify and capture short term market trends, either bullish or bearish, which appear on these different markets, using statistical, technical and chartist indicators. It will invest in highly liquid futures contracts only.
Fund Manager Philippe Balthazard, born in 1972, is a graduate of Ecole Polytechnique (X 93) and Ecole Nationale de la Statistique et de l’Administration Economique (ENSAE). He joined BAREP AM in 2004 in the Managed Futures Department in order to specifically develop short-term futures trading models. He started his career at CDC Ixis in 1998 where he worked as a proprietary trader. In 2001 he launched and managed Equalt Systematic Futures.