Three Societe Generale Alternative Asset Management veterans have founded hedge fund management Nexar Capital Group. The new firm will offer a broad range of services to investors through its offices in Paris and New York, including fund of hedge funds, volatility arbitrage hedge funds, and client specific hedge fund portfolios. Nexar Capital will emphasize generating alpha, a measure of performance on a risk-adjusted basis, which it believes many hedge funds have lost focus of due to market turmoil.
Nexar Capital’s founding partners built a strong reputation for themselves during their time at Societe Generale, whose hedge fund business was among the top in the industry. The founding partners include Chief Executive Officer Arié Assayag, Chief Investment Officer Eric Attias, and Head of Volatility Strategies Bernard Kalfon.
The firm has a strategic partnership with New York-based private equity firm Aquiline Partners LLC, which has also contributed significant capital to the hedge fund. Mr. Assayag commented on the relationship saying “Aquiline`s depth of investment management experience immediately gives us the strength and stability of an institutional platform, thus making Aquiline an ideal partner as we build our business."
Beyond the founders, Nexar Capital’s partners include Societe Generale veterans: Paulo Baia, Head of Research; Douglas Siekierski, Chief Operating Officer; Patrick Palffy, Chief Operating Officer - Europe; Jason Lovelace, Chief Risk Officer; and Corinne Andre, Head of Sales - Europe.
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