Sabre Fund Management has launched a new quantitative futures strategy the Sabre Adaptive Trading Fund. The Fund has appointed Newedge as prime broker and LaSalle GTS Fund Services Division as fund administrator and fund custodian.
Commenting on the appointment of LaSalle, Melissa Hill, Managing Principal of Sabre, said: We selected LaSalle on the basis that the Sabre Adaptive Trading Fund required a high degree of technological sophistication and efficient client reporting capability. We were also pleased to select an administrator backed by Bank of America, which gives us additional confidence in LaSalles competence.
Sabre are launching the Fund with seed capital provided by a London based fund of funds, and looking to raise USD50 to USD100m in the next twelve months. At present, total AUM is approximately USD120m.
The funds management team is headed by Alexandre Guillaume and Dobromir Tzotchev, who both joined Sabre in September 2008. Guillaume and Tzotchev previously ran a USD150m managed futures strategy for Peloton Partners. Prior to Peloton, Guillaume was Head of Global Equity Research at Aspect Capital in London. Before joining Aspect, Guillaume was Head of Quant Research at SG Equity and Derivatives.