Investment Philosophy

KEYS TO OUR SUCCESS

Investment Philosophy

Systematic Approach

Our investment programs implement a systematic trading process on a diversified basket of major financial instruments aiming to achieve exceptional risk-adjusted returns. We employ a purely quantitative and data-driven approach, stripped from any human subjectivity or bias, resulting in a performance uncorrelated to any major markets, asset classes, investment styles or strategies. Our alpha discovery models consider price as the only input: no fundamental factors are taken into consideration, thereby removing all subjectivity and human bias.

All Weather Outlook

Our objective is to profit from the global macroeconomic and geopolitical trends and events while remaining protected against adverse developments. Our programs are designed to perform as a stable profit generator during calm market conditions and a safe haven option during times of uncertainty, high volatility or crisis. The systematic nature of our investment process and risk management rules give us the confidence to remain invested during times of uncertainty or increased volatility.

Multi-Asset Allocation

Our strategies involve a multi-asset allocation that combines different types of asset classes, such as currencies, equities, bonds, commodities and ETFs to create a more flexible and broadly diversified portfolio. Multi-asset strategies understand that global markets are interconnected and that new information can impact more than one asset class at once. Therefore, we seek to benefit from a high-level systematic allocation strategy as a critical component to our investment process.

Why Managed Futures?

Definition

Managed futures is a segment of the hedge fund industry; managers trade a range of futures and foreign exchange markets with the aim of profiting from price movement. Commodity Trading Advisor (CTA) is the name given to the investment managers in managed futures; CTAs are in fact traders, who trade many markets, not just commodities. CTAs trade futures on equities, bonds, interest rates, currencies and commodities and take both long and short positions. CTAs employ a range of trading strategies of which Trendfollowing is the most common.

History

Trading in commodities dates back to the mid-1800s when the Chicago Board of Trade was established. The managed futures industry became established in the 1980s when futures exchanges expanded to accommodate hedging in a growing range of financial markets. The managed futures industry has grown over time and assets under management have increased as investor demand for liquid alternative strategies has grown.

Key Facts

Assets under management in managed futures is estimated by BarclayHedge to be $318bn as of the fourth quarter 2019 which means it accounts for approximately 10% of the total hedge fund industry. There are a wide range of managers in the industry, both in terms of trading style and size, ranging from managers with less than $10m to managers with over $10bn in assets. Investing in managed futures is not suitable for all investors given the level of risk involved, including the risk of loss.

Managed Futures Benefits

UNCORRELATED RETURNS

Managed futures have historically, over time, exhibited zero correlation to equities.

DIVERSIFICATION

Managed futures have provided better diversification than many other hedge fund strategies during major equity market declines.

BI-DIRECTIONAL

Managed futures strategies have the potential to profit from bull and bear moves subject to market conditions.

MULTI-ASSET

CTAs typically trade a range of financial, commodity and foreign exchange markets and potentially benefit from trends in these markets.

SYSTEMATIC

Most CTAs use systematic strategies which have been tested for validity on historical data.

PORTFOLIO BENEFITS

Adding managed futures to a portfolio of stocks and bonds has resulted in reduced drawdown and portfolio volatility and enhanced risk-adjusted return, over the long term.

TRANSPARENT

CTAs typically trade highly liquid markets* on regulated exchanges which can be marked-to-market continuously.

GET IN TOUCH

Are you a Private Investor an Asset Allocator a Family Office Manager ?

Do you want to know more about our investment programs, our recent performance or how you can partner with AENAON Asset Management? Don’t hesitate to reach out to us and the appropriate member of our team will respond to your inquiry immediately.

+30 210 6829898

9 Evripidou, Athens, Greece

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    AENAON Asset Management is a technology-driven investment management company. For the past 10 years, we have been committed to disciplined systematic trading, investment research and system development.

    AENAON Asset Management operates as a Commodity Trading Advisor running a variety of Managed Futures programs. Our investment programs offer a portfolio management solution suitable to the key investment themes of our time: non-correlation, consistency and superior risk-adjusted returns.
    AENAON Asset Management
    14-20 Vassileos Alexandrou, Peristeri, Athens, Greece
    +30 210 5779 238
    +44 203 76 903 98
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