Our expertise | Alternative & Overlay Solutions

HIGHLIGHTS

NEW MANAGEMENT OBJECTIVE FOR ELLIPSIS OPTIMAL SOLUTIONS - LIQUID ALTERNATIVE

Continuing to develop its range of differentiating investment solutions, Ellipis AM is pleased to present its new strategy, implemented in the "Ellipsis Optimal Solutions - Liquid Alternative" fund. The objective is to integrate Ellipsis AM's Alternative & Overlay Solutions management expertise into an allocation based on various equity and bond risk factors. The fund aims to offer a diversified management profile to extract a performance that is decorrelated from the markets.

The portfolio is constructed through active management using a systematic approach, aiming to overweight the allocation to equities and bonds while reducing risk through optimised systematic option hedging, combined with a discretionary return strategy using liquid listed derivatives.

FIND OUT MORE

WHY WE’RE HERE: TO ADDRESS OUR CLIENTS’ NEEDS

The division produces solutions that meet our clients’ needs and constraints. Our capabilities in listed derivatives and options take a top-down approach with our priority placed on quantitative processes and a discretionary approach.

We stand out in our ability to design and manage bespoke solutions that address investors’ individual concerns. Our team manages various open-ended funds and tailored offers (mandates, discretionary management and dedicated funds) that are adjusted to each investor’s specific needs and feature customised client service.

The desk also specialises in multi-asset class risk allocation and the use of listed derivatives. The team develops strategies through optional derivatives aligned with an analysis of the global macroeconomic context. Our management team focuses on managing risks and optimising the risk-reward equation.

15 years

of capability

10+

Discretionary overlay mandates

Source : Ellipsis AM – March 28, 2024

We believe that transparency translates into performance.

We specialise in finding liquid solutions that provide our clients with greater DIVERSIFICATION and CONVEXITY and higher RETURNS across a range of asset classes.
Alexandre Ryo
Head of Alternative & Overlay Solutions

Strengths

ACCESS A CAPABILITY USUALLY RESERVED FOR HEDGE FUNDS

COMBINE DERIVATIVES ALLOCATION WITH MODELLING CAPABILITIES

PROVIDE DISCRETIONARY OFFERS THAT ADD TO RETURNS & REDUCE HEDGING COSTS

OFFER SOLUTIONS FOCUSED ON LIQUIDITY, TRANSPARENCY AND UP-CLOSE CLIENT SERVICE

DEVELOP SYSTEMATIC DERIVATIVES STRATEGIES THAT COMPLY WITH INVESTMENT CONSTRAINTS

see our associate funds

Source : Ellipsis AM – 28/03/2024

Alternative & OVERLAY SOLUTIONS DIVISION

An experienced management team on risk allocation and derivatives

Alexandre RYO

Head of Alternative & Overlay Solutions

After graduating from ESIEA (Ecole Supérieure d'Informatique, d'Electronique et d'Automatisme) and a Master's degree in Finance from ESSEC, he joined the Exane group in 2012 as an assistant trader on index volatility. He joined Ellipsis AM in 2013 as fund manager. From 2015, he developed the overlay expertise through the implementation of mandates for European institutional clients. He becomes head of the development of the pôle Overlay & Customised Portfolio Solutions division in 2021.

Pierre GALLICE

Head of Overlay Startegies & Portfolio Manager

After graduating from Epita and with a Master's in technical financial from ESSEC, Pierre joined CIC in 2007, spending 14 years in own-account index derivatives and equities trading. He specialised firstly in the US market for 8 years, before becoming head of systematic strategies for global index derivatives and equities as of 2016. He joined the Ellipsis AM Overlay & Customised Portfolio Solutions division in June 2021 as senior manager of funds and mandates.

histoRY

2023

Launch of the Liquid Alternative strategy.

2022

Reorganization of the range: Optimal Solutions & Optimal Allocation.

2021

Strong growth in assets under management and team strengthening.

2019

Launch of an Overlay China & Emerging mandate.

2018

Launch of an Overlay Global mandate.

BESPOKE SOLUTIONS

1 HEDGING
TAIL RISK

Cushions steep drops by setting up tail-risk hedges.

Targeting Solvency II-regulated institutional investors.

2 HEDGING
long vol

Limits a portfolio’s volatility by using hedging options.

Provides a stable derivatives profile that reduces volatility and drawdowns.

3 yield enhancement

Implements short-volatility strategies with the goal of obtaining additional yield within a portfolio.

Provides a financing for systematic hedging.

4 total
return

Creates derivatives-based strategies under constraints of minimum capital consumption and a pre-set risk profile.

Provides a market-decorrelated performance that is diversifying and liquid.

THEY TRUST US

Overlay Solutions Disclaimer: It aims to reduce the risks on a given portfolio without fully eliminating them while aiming to provide no guarantee or protection of the portfolio, which therefore remains exposed to the risk of capital loss. This solution is also particularly exposed to a model risk linked to the implementation of the main objective of risk reduction, which is based on a systematic principle. There is a risk that this model is not efficient. Finally, in addition to the specific risks associated with the existing portfolio, this solution. Given that the hedging exists, the potential yield could be lower due to the impact of costs associated with hedging and the fact that the portfolio may only partially participate in the increase in the event of a market rebound.

ALTERNATIVE & OVERLAY SOLUTIONS