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Irene Perdomo

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Devet Capital sees assets beat USD100m

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Systematic alternative investment manager Devet Capital Investments has announced that assets under management have reached USD100 million, having risen from USD29 million in April 2016. “This is an important milestone for us, particularly as our asset growth has been fully organic without any involvement of seeders or accelerators,” says Irene Perdomo, co-founder, Devet Capital Investments. 

The flagship program, Devet Capital Absolute Return Strategy, utilises systematic, market-neutral strategies on commodities’ futures. The strategy searches for statistically-defined anomalies in the shape of commodity curves that recur over time, seeking to produce consistent returns across different market regimes.
 
“We attribute our rapid asset growth to CTA investors who are constantly looking for niche products that are non-correlated to the market. In addition, our product features low and controlled drawdowns, low volatility and low margin consumption. Our strategy is non-correlated with all the major benchmarks including commodities and has not been affected by any of the major macro events in the last years,” adds Leonardo Marroni, co-founder, Devet Capital Investments.
 
In September 2016 Devet launched its CTA (‘Capturing Talent Alpha’) program. The aim is to work with and develop managers able, in time either to contribute new strategies to Devet’s established portfolio or to underpin the launch of new systematic investment products.  Two new managers are currently employed in the program. 
 
Prior to co-founding Devet Capital, Irene Perdomo traded base metals at Noble Resources in Singapore and, before that, she worked in the Commodity Investor Structuring team of Barclays in London, co-responsible for product development of commodity investment derivatives.          
 
Prior to co-founding Devet Capital, Leonardo Marroni was an asset manager with the Emerging Markets team at GLG Partners in London. He joined in January 2010 from Barclays where he was working as a structurer in the commodities division. Before joining Barclays, Leonardo worked in the equity structured and algorithmic products trading team at Banca Caboto.
 
Leonardo and Irene co-authored “Pricing and hedging financial derivatives: a guide for practitioners”, published by Wiley in December 2013.
 

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