and artificial intelligence, using technical and fundamental data points as entry signals. The strategy is typically concentrated into 10 large cap, liquid stocks and can also hold cash and Treasuries as well as short stocks depending on the market environment. The average holding period is between 2-3 months and several years. Trade timing is based on price inflections and patterns. Risk management and exit timing include strict sell discipline, stop losses on individual positions, and reducing exposure if volatility exceeds certain levels. Josse has held various investment management roles advising individuals, family offices and institutions at Alliance Global Partners, Aegis Capital, JHS Capital Advisers and GunnAllen Financial. Zanger, a mentor to Josse, was brought on in April 2023. Zanger is an experienced momentum investor and trader who authors The Zanger Report. Josse has a major in Philosophy and Global Studies from UC Santa Barbara.
Jack Land
Founder and CIO Axebrook Capital LLP London
Jack Land founded Axebrook Capital in 2021 while working as a portfolio manager at York Capital. Land spun out the liquid credit strategy that he managed, with the support of key principals at York, in February 2022. The all-weather strategy focuses on leveraged issuers and event-driven situations, both long and short. The strategy invests in global developed markets across multiple sector verticals, focusing on the $10 trillion of tradeable corporate credit in the US and Europe. It seeks to exploit mispriced risk and market inefficiency via four sub strategies, special situations, arbitrage, debt capital markets and alpha shorts. Land takes an active trading approach with dynamic allocation across sub- strategies to target sustainable performance throughout the credit cycle. Land has 19 years of buyside credit investing experience. Prior to York, Land worked at Mount Kellett, GoldenTree and Oak Hill Advisors, actively investing in the US and European corporate credit markets from investment grade to distressed, through multiple credit cycles. He started his career at Lehman Brothers and has a BA in Economics from Princeton University.
Jonathan P. Lefebvre
Managing Partner Aleena Capital Management Greenwich, Connecticut
Jonathan P. Lefebvre founded Aleena Capital Management in 2021 and launched a generalist long/short equity strategy, investing across most sectors, market caps (>$500m) and styles.
The manager will invest in value, GARP (growth at a reasonable price), or special situations. Aleena applies a private equity mindset to public equity investing in 10 to 30 core longs trading below intrinsic value and targets an IRR of 20%-25%, a 3:1 reward to risk ratio, over a three-year investment horizon. There are also 15 to 40 alpha and beta shorts to manage portfolio and individual position level risk. Lefebvre has extensive experience of engaging with management and boards, on capital allocation decisions, operating efficiency, corporate structures and on ESG initiatives. The manager is currently invested behind several secular growth trends including climate change, digital payments, and generative AI. The manager’s largest investment last year was in an innovative renewable natural gas firm called Archaea Energy (LFG), with a negative carbon footprint that was acquired by an oil major (BP) for a 38% premium. Lefebvre was previously a senior partner at Kensico Capital Management where he worked for ten years. He has an MBA from NYU Stern and a BBA from James Madison University.
Hamza Lemssouguer
Founder and CIO Arini London
Hamza Lemssouguer founded Arini within Credit Suisse in 2020, spinning it out in 2021 as part of a strategic partnership with Squarepoint Capital, which provided operational support and seed capital, and launched Arini’s flagship fund in 2022. Headquartered in London, Arini manages alternative credit strategies focused on fundamental analysis of structured, performing, stressed and special situations, primarily in Europe. Sector specific research allows Arini to move fast, and the team of 27 people is conversant with the nuances of legal and restructuring regimes in different European countries. The flagship long/short all-weather strategy targets an IRR of 15%. Instruments invested in include bonds, loans, CDS and structured credit, where Arini offered an opportunistic structured credit co-investment in 2022 which returned 52% over 9 months through harvest and has launched a structured credit equity strategy in May 2023. The firm has already grown assets to $2.8 billion, raising assets globally with an investor base dominated by sovereign wealth funds, endowments and foundations. Lemssouguer was previously Head of European High Yield Trading at Credit Suisse, where his team generated strong absolute returns in 2018, 2019 and 2020. He has two Masters degrees in Applied Mathematics from Ecole Polytechnique and ENSAE, where he also obtained an Actuary degree.
Daniya Lukmanova
Founder, CEO and CIO Infinite Edge Investments LLC Newport Beach, California
Daniya Lukmanova founded Infinite Edge in November 2021 to manage the discretionary and opportunistic Sharp Edge Program. It trades short term pattern recognition in agricultural products, metals, currencies, energy, equities indices, Treasuries and financials, with average holding periods of one to three days; beyond that timeframe buy options are utilized. Proprietary Fractal Pattern Recognition System and a Game Theory Optimal framework are applied to trading. Pattern recognition, trends, countertrends, technical and fundamental inputs can all feed into signals. Risk management is rule-based with predetermined daily and monthly stop loss levels. Since inception in April 2022, the strategy has generated high risk adjusted returns, and been lowly correlated with CTAs and the SG Short Term Traders Index. Some of the financial models use statistical modelling techniques that Lukmanova applied in biomedical research, where she authored biomedical journal articles. She holds a Masters degree in Chemistry from Villanova University. Additionally, she was a Doctor of Pharmacy student at UCSD and a Research Analyst at the University of Pennsylvania, where she also received a graduate degree.
Daniel McNamara
Founder and CIO Polpo Capital New York
Daniel McNamara founded CMBS long/short manager Polpo in 2021, targeting 15% net returns with gross exposure below 200%. The process emphasizes bottom-up underwriting, but also heeds macroeconomics. It blends some longer-term long holdings with short portfolio hedges and shorter-term tactical trades on both sides. Polpo has identified some sub-sectors of CMBS as being vulnerable to higher delinquency and “shadow delinquency” rates, which could lead to an increased distressed opportunity set in retail, hospitality, office and multifamily. Given the challenges of sourcing paper, fund capacity is limited to $150 million. McNamara finds that inefficiencies can arise in CMBS due to market segmentation and calendar effects based on financial year ends and flows, as well as credit ratings constraints for some investors. Few investors are active in CMBS “credit”, which is less than $140 billion of paper having credit ratings below AAA. The team includes several people from McNamara’s former firm, MP Securitized Credit fund, where he was a CMBS portfolio manager, and launched an opportunistic CMBX/Regional Mall Short Fund in
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