Andreani & Associés

Great Forum and Great Professionals with inspiring expertise ! Congratulations to AIMA - The Alternative Investment Management Association Team, Claire Van Wyk-Allan, CAIA and everyone involved, and Thank you for having me (beautiful shot below) ! Amazed by our panel and my outstanding fellow panelists and moderator, Jean David Tremblay-Frenette (AIMCo), Yoshi Kiguchi (Pension Fund of Japanese Corporations), Chloe Duanshi, CFA (Rockefeller Global family Office), Diego de Carvalho Martins (Pragma), Alexandre M. Andreani (Andreani & Associés), Yannick Archambault, CFA, MBA, FEA (KPMG) ! Truly appreciated this first day's session ! Go Alternative Investments and Canada ! 🇨🇦 #AlternativeInvestments #AIMA2024 #InvestmentLeadership #FinanceForum #ProfessionalExcellence #InspiringExpertise #GlobalFinance #InvestmentCommunity #ThoughtLeadership #CanadaInvests Andreani & Associés

Excited to be featured on EQDerivatives, a leading platform in quantitative finance, alternative risk premia, volatility, and complex investment strategies, connecting institutional investors, hedge funds, and asset managers ! Thank you to Georgia Reynolds and Quratulain Tejani for having me ! #QIS #MacroPremia #Systematic #PureAlpha #ModelProvider #Algo EQDerivatives, Inc Andreani & Associés

I am thrilled to announce the launch of our Systematic Macro Premia Strategy in partnership with Societe Generale Corporate and Investment Banking - SGCIB, as a Model Provider. Our focus, as always, is on delivering an institutional-level approach centered on quality and innovation for our clients. We are committed to delivering well-researched, sophisticated solutions that perform in all market conditions. Through advanced insights, rigorous analysis, and innovative strategies, we provide steady, reliable returns. Our focus on excellence and adaptability ensures success even in challenging markets, upholding the highest standards of performance and integrity. The period from 2022 to 2024 has posed significant challenges for deployment across all asset classes, as the longstanding negative correlation between equities and rates—prevalent for over three decades—has broken down, causing widespread effects on portfolios. As alternative investment specialists with over 20 years of experience, this shift prompts the question of which strategies are best suited to address asset allocation in the face of macro shocks, market structure and idiosyncratic shocks. Our findings shows that pure-alpha, systematic, market-neutral strategies are the most effective in capturing premia. Over the past year, my team of PhDs and I have revamped our 14' composite performance index algorithm to manage a macro premia portfolio using #QIS strategies. Our model has consistently generated alpha by screening, ranking, and selecting securities, with a focus on academically grounded long/short premia strategies, evaluated within Societe Generale Corporate and Investment Banking - SGCIB's #QIS platform. Our strategy leverages pure alpha-driven approaches across diverse markets, aiming for asymmetric, convex returns with positive skew in various scenarios while mitigating downside risks and extreme shock events. The model dynamically adjusts exposure to convex risk as opportunities emerge, maintaining an optimal alpha composition based on market conditions and targeting strategies with asymmetric payoffs. This approach offers potential absolute returns with minimal correlation to traditional assets, daily liquidity, and cost-efficient synthetic exposure to alternative strategies without performance fees. It ensures full transparency to meet risk management and regulatory requirements. Our market-neutral strategy provides equity diversification with a defensive stance, avoiding high-beta exposure, ensuring resilience during market stress, and serving as a low-cost substitute for investment-grade or government bonds with hedge fund-like benefits and greater transparency. Andreani & Associés' best-in-class portfolio is optimized for macro and geopolitical shocks and inflation, delivering strong performance in down markets, including 2013-2016, 2017-2018, 2019-2021, 2022-2024, and August 2024. #QIS #MacroPremia #MarketNeutral #PureAlpha #Systematic #ModelProvider #Algo

🚀 Andreani & Associés lance COPS, une stratégie de trading systématique innovante, en collaboration avec Société Générale. Basée sur un modèle quantitatif, cette approche multi-assets vise à capter l'alpha structurel pur dans un cadre neutre au marché, tout en offrant une gestion rigoureuse des risques. 💼📈 Une initiative qui vise à transformer le trading des primes de risque alternatives ! 🔍 https://lnkd.in/dWyyxEsT #TradingSystematique #Innovation #FinanceQuantitative #Investissement

A very impactful article and a must-read to understand the investment philosophy of an asset manager with over 30 years of institutional relationships with the largest allocators in the world ! 💪🏻 Bridgewater Associates, under the leadership of Ray Dalio, is recognized as the largest global hedge fund manager, with net assets under management amounting to USD 97.2 billion, as per the annual Pensions & Investments (P&I) survey. This ranking is based on the U.S. regulatory definition of assets under management, which includes certain forms of leverage; by this metric, funds such as Millennium and Citadel would surpass Bridgewater as of 2023. Furthermore, Bridgewater is ranked as the largest foreign hedge fund manager in China, managing 40 billion Yuan (equivalent to over USD 5 billion), according to a Reuters report from January 2024. The firm offers a Yuan-denominated version of its All Weather Plus strategy, as well as the Bridgewater China fund. Dalio views China’s equity markets as undervalued and holds a deep respect for the country’s technological innovation and education system, having sent his son to study in Beijing for a year at the age of eleven. Dalio’s own introduction to financial trading occurred at a similarly young age: “In the 1960s, I earned money from caddying and odd jobs, invested in hot stocks, and became hooked, much like playing a video game.” Andreani & Associés

I'm excited to be moderating the opening panel and kicking off the 10th annual AIMA Global Investor Conference with perspectives from around the world. Together with my fellow panelists Alexandre M. Andreani, Diego de Carvalho Martins, Chloe Duanshi, CFA, Yoshi Kiguchi, and Jean David Tremblay-Frenette, we will explore the current global investment landscape and the key factors that are driving markets and alternative investments. If you’re attending, feel free to send me a message and I look forward to connecting in-person. https://lnkd.in/gWWZQYRU AIMA - The Alternative Investment Management Association #AGIF2024 #KPMGFamilyOffice 

Proud to be a Member of the #AdvisoryBoard for the Institutional Investor #EuropeanMultiFamilyOffice #Symposium in #London. It’s an honor to contribute to a dynamic forum where industry leaders explore the rapidly evolving landscape of investment opportunities for family offices. By combining an institutional approach with the flexibility required by family offices, this forum provides a unique platform for fostering innovation and adapting to new financial challenges. In today’s world, sharing knowledge and information is essential—not only to stay informed, but to seize opportunities and avoid potential missteps. Through collaboration and the free exchange of ideas, we can more effectively navigate the complexities of modern finance. As a strong advocate of "idea meritocracy"- where transparency reigns and ideas are judged by their merit, not hierarchy - I believe that humility, continuous learning, and meaningful relationships are the foundation for lasting success ! Looking forward to seeing you there ! #FamilyOffice #Investments

Join me in Toronto, Canada, at the prestigious AIMA - The Alternative Investment Management Association Forum, where we will explore trends, strategies, and developments in alternative investments. This event brings together institutional investors, fund managers and other key stakeholders. The AIMA Global Investor Forum is a crucial gathering for those in the alternative investment sector, offering valuable insights and fostering industry collaboration. I’m thrilled to participate in this enriching self-learning opportunity and excited to return to Canada after several years! For registration, please use the following link: https://lnkd.in/eieu8KkG

I am delighted to present my insights on the strategic advantages of hedge funds, particularly in light of the resurgence of active management compared to passive strategies, at the #GlobalAlternativeInvestingSummit organized by Opal Group in #London. In the context of Modern Portfolio Theory, hedge funds or alternative premia represent a pure risk-adjusted alpha opportunity, ideal for optimizing portfolio construction in today's dynamic market environment while maintaining the same level of risk 1- Incorporating hedge funds and alternative premia into asset allocation offer an uncorrelated source of returns and provides access to a broader investment universe and diverse market opportunities. This approach is valuable for diversification and managing correlation effects within my structural OCIO portfolio positioning framework 2- Incorporating tail risk hedging strategies enhance portfolio stability and resilience, offering greater confidence in navigating the volatility and fluctuations of financial markets, especially with cross-volatility assets that exhibit a higher probability of jump 3- Hedge Funds and Alternative Premia enable investors to seek effective diversification and achieve uncorrelated returns I believe hedge funds and alternative premia are uniquely positioned to leverage a wide array of strategies. This flexibility allows hedge funds and alternative premia to tap into unique sources of alpha and self-adapt to changing market conditions. Today, all risk premia are undergoing compression and complacency. This suggests that it is an opportune moment to examine these premia, given the potential for significant payouts and the likelihood of a spike during periods of normalization or acute crisis The current climate, characterized by significant shifts in rates and the cost of capital, has opened new opportunities for hedge fund and alternative premia strategies, including: 1- Macro and relative value strategies capitalizing on varying fiscal and monetary policies 2- Long/short security selection strategies exploiting high cross-sectional dispersion – as a pure alpha diversifier, liquid alternative premia strategies can also be a compelling opportunity set (dislocation, dispersion, volatility spreads, correlation, skew, term structure, tail-risk, arbitrage) 3- Credit, event-driven, and activist strategies benefiting from corporate events and financial distress These alpha strategies provide diversification benefits difficult to replicate through traditional asset classes or long-only strategies. This diversity in performance drivers and strategies can be instrumental in constructing a resilient yielding portfolio Now, what is the portfolio approach? How can one achieve a balanced portfolio? What is the bottom line? While manager selection based on rigorous long-term research is paramount, constructing a well-diversified hedge fund portfolio is equally crucial... We will continue to expand on this during our speech!

I’m excited to announce that I will be a keynote speaker at the exclusive Europe Family Office Investment Summit, and I'd like to thank Mohammad Al Duaij and the Alea Global Group for their invitation. Here’s a glimpse of the key topics we’ll be exploring 1- Private Equity and Venture Capital Overview of emerging private equity and venture capital prospects Insights into the European private equity and venture capital markets’ future The rise of Special Purpose Acquisition Companies and the impact of geopolitical events on investments The growing significance of ESG environmental, social, and governance factors in investment decisions Strategies for maximizing regional benefits through impact investments. 2- External Influences on Europe Effects of ongoing tensions with Russia Potential impacts of the forthcoming US elections on international relations Strengthening ties with the Gulf as it emerges as a global superpower 3- Investment Insights Identifying optimal investment areas within Europe and beyond Notable examples of how impact investments have shaped Europe 4- Digital Assets Exploring digital assets, cryptocurrencies, tokenized securities, blockchain projects, and DeFi protocols Understanding cryptocurrency regulations and compliance in Europe Approaches to assessing security risks and market volatility 5- Succession Planning Key factors for effective succession planning in family offices Preparing the next generation of family office leaders 6- Wealth Management Strategies Strategies for location-informed wealth management, regular asset reviews, and portfolio diversification Opportunities arising from the co-living and co-working lifestyle and technological advancements in real estate 7- Economic Dip Exploring current investment opportunities in Europe and anticipating tourism booms 8- AI and Emerging Technologies AI Investment: Opportunities in healthcare and daily life improvement through AI AI for Investors: Utilizing AI tools to support investment decisions 9- The next big thing and exciting investments to enliven your portfolio Identifying the best investment opportunities for the near future, SpaceTech and Smart technology for saving the planet 10- Navigating the Dynamic Retail Market Opportunities and challenges in the European retail real estate market. The impact of e-commerce disruption and upcoming retail innovations. Integrating sustainability and impact investment in the retail sector. I look forward to engaging with fellow experts and discussing these critical topics ! #FamilyOfficeSummit #InvestmentOpportunities #Geopolitics