• Quantitative investment manager.

    Metori Capital Management

    is a research-driven fund manager, specialised in liquid alternatives.

    We aim to create value by designing and implementing investment strategies with rigor and discipline.

ABOUT US

Based in Paris, Metori Capital Management is an asset management company founded in November 2016. Its founders are seasoned professionals in fund management and capital markets, lifted out from Lyxor Asset Management (Société Générale Group).

Metori’s primary objective is to accelerate the development of the Epsilon program. Launched in 1994, Epsilon is one of the oldest managed futures program in Europe. Under the tenure at Lyxor of Nicolas Gaussel as CIO, Guillaume Jamet as principal manager and Laurent Le Saint as product manager, the program has won multiple awards and reached a size of over 400 M€.

Metori is fully owned by its founding partners. It brings together 8 experienced professionals with complementary skills. The company is an entrepreneurial venture that aims to service its investors through focusing resources on research, fund management, risk control and business development. It operates with a robust infrastructure and carefully selected service providers.

Metori will start operating by the end of Q1.2017, subject to regulatory filings. It is regulated by the Autorité des Marchés Financiers (AMF) in France and registered as a CPO and CTA with the US CFTC.

A team of seasoned professionals in quantitative investments

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FOUNDING PARTNERS

  • Nicolas GAUSSEL

    CEO and co-CIO

Nicolas has 20 years of experience in finance, including 15 years in asset management. He has been Lyxor’s CIO since 2012, overseeing 100+ portfolio managers, researchers and financial engineers. Prior to this, Nicolas held various management positions, notably in Asia. Nicolas holds an engineering degree from French Ecole Centrale de Paris, and a PhD in Economics from Paris La Sorbonne. He has been a quantitative finance lecturer in different master programs and contributed to various articles and academic conferences.

  • Guillaume JAMET

    Principal Manager and co-CIO

Guillaume has been Epsilon’s Principal Manager since 2013. He joined SG Group in 2003 and occupied various key positions in the quant domain. He gave frequent lectures on quantitative finance at the Paris ENSAE. Prior to this, Guillaume worked 5 years as a Professor of Mathematics at University Paris VI and published his research in top tier international journals. He obtained his PhD in Mathematics and Master in Applied Probability and Finance from University of Paris VI, and holds the title of “Agrégé de Mathématiques”.

  • Laurent LE SAINT

    GM & Head of Development

Laurent has 20 years of experience in capital markets and asset management. He has been with Lyxor since 2012, as head of product development for systematic, flexible and debt funds. He was previously at Société Générale Hong Kong since 2009. He started his career in 1996 as a financial engineer at SG’s Equity Derivatives division, where he developed a large fund-derivatives and financing business. Laurent graduated from the Institut d’Études Politiques de Paris in 1994, with a Master in Corporate Finance and Capital Markets.

  • Philippe CARPENTIER

    Senior Fund Manager

Philippe has been a quantitative fund manager at Lyxor since 2013, specialized in smart beta and quantitative fixed income. Prior to this, Philippe has been a quantitative researcher for the derivatives division of Société Générale from 2004 to 2013, applying his expertise to various asset classes. He started his career in 2003 at HSBC as a quant analyst in the model validation team. Philippe holds engineering degrees from Ecole Polytechnique and ENSAE, and a Master degree in applied mathematics from the University Paris VI (Jussieu).

  • Guillaume DERMER

    Head of Risks and Operations

Guillaume has ten years of experience in the financial services industry. Prior to joining Metori, he worked within Oliver Wyman’s Finance and Risk practice where he conducted strategic assignments for financial institutions, exchanges and regulators in Europe, the U.S. and Asia. He started his career at BNP Paribas trading equity derivatives, before joining BearingPoint’s Capital Market practice. Guillaume holds an engineering degree from Supélec and a Master’s degree in Financial Mathematics from Wollongong University (Australia).

  • Long-established team

Guillaume Jamet and Nicolas have worked together since 2001. In 2011, Nicolas asked Guillaume to take over Epsilon’s research and appointed him as Fund Principal in 2013. Laurent and Nicolas met in Asia back in 2010, and Laurent joined Lyxor in 2012 to steer the development of quant strategies. Since 2012, Guillaume, Laurent and Nicolas have worked closely together. Philippe met Nicolas and Guillaume Jamet during his tenure at the SG Capital Market quant research team. He eventually joined Lyxor where he contributed to the extraordinary growth of its quantitative fixed income program. In 2016 the team set out to find a suitable fifth partner to take responsibility for risk and operations. They chose Guillaume Dermer and he has since made a key contribution to the launch of Metori.

INVESTMENT VALUES

Research Driven

We are research-driven investors. We design and implement strategies with rigor and discipline. Our investment team cumulate over 50 years of research in financial markets, keeping strong academic connections to stay at the forefront of financial innovation. through a holistic statistical approach approach

Focus on market dynamics

In an ever-changing market environment, we aim to create value by taking advantage of market dynamics. Rather than trying to outsmart millions of market participants, we analyse large datasets to identify the direction in which market forces are driving asset prices.

Global Approach

Single markets cannot be analysed in isolation. Global factors emerge and unfold with market sentiment, economic and monetary environments, geopolitics. Our research aims at identifying such factors and their weights, how they change, through a holistic statistical approach.

Discipline

Research-driven investing requires solid guiding principles. We favour parsimony over inflation of parameters (i.e. over complex black boxes). We build and implement investment models that have sound statistical, economical and behavioural justifications, that can be cross-validated over multiple time windows and investment universes.

PRODUCT RANGE

Our investment program, Epsilon, is the latest evolution of a strategy that started in 1994. The current version of the model was developed by G. Jamet and N. Gaussel from 2011 to 2012, and has been successfully implemented since late 2012. The program is available in a suite of Lyxor products. It can also be delivered by Metori through managed accounts, dedicated funds or club funds.

  • Epsilon Managed Futures

    Full investment universe (bonds and interest rates, equities, currencies and commodities). Volatility budget of 15%. Available in an Alternative Investment Fund and dedicated mandates.

    • Epsilon Global Trend

      Investment universe covering bonds, interest rates, equities and currencies. Volatility budget of 10%. Available in a UCITS format and dedicated mandates.

      • Epsilon Fixed Income

        Unconstrained fixed income strategy, global, long and short duration. Investment universe limited to bonds, interest rates and currencies. Available in dedicated mandates and as a component of a Lyxor multi-manager product.

        • China Diversified

          Trend-following strategy based on futures contracts traded on Mainland Chinese exchanges. Available to Chinese eligible investors only.

          AWARDS

          The awards below have been received by the Epsilon team under its tenure at Lyxor Asset Management.

          INFORMATION LIBRARY

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          info@metoricapital.com
          9 rue de la Paix, 75002 Paris, France
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          Disclaimer

          Any information contained in this website is purely indicative, is not of a regulatory nature and has no contractual value. Nothing herein is intended to be, or be shall be construed as, an offer or a solicitation by Metori Capital Management (“Metori”) to sell, buy or invest in any investment product, or to provide any kind of advice or service.

          This website is an introduction to Metori. It does not intend to provide investment advice nor does it represent that the strategies described are suitable for any specific investor. Any information contained in this website is subject to modification at any time. While such information is believed to be reliable at the time it is entered, Metori does not guarantee its accuracy and completeness, nor does it undertake to update such information at any specific frequency. Neither Metori nor any of its directors, officers or employees, will be liable or responsible for any loss or damage resulting, directly or indirectly, from your access to, inability to access, or use of this website or its content.

          PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

          The information, documents and opinions contained in this website are not intended for distribution to, or use by, any entity or individual in any jurisdiction where such distribution or use would not comply with local laws or regulations or which would subject Metori to registration. This website does not constitute an offer or an invitation to purchase any securities in the United States or in any other jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Potential users of this website are requested to inform themselves about, and to comply with, any such restrictions.

          Metori Capital Management is a société par actions simplifiée registered in France with its registered office at 9 rue de la Paix, 75002 Paris (registered no. 853 656 541 RCS Paris). Metori is authorised and regulated by the Autorité des Marchés Financiers (“AMF”) in France (reference no. GP-17000002), registered as a CTA and CPO with the Commodity Futures Trading Commission (“CFTC”) and a member of the National Futures Association (“NFA”) in the United States of America (NFA ID 0501245).

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