Jean-Pierre Selvatico, head of hedge funds and member of the investment committee of Pictet Alternative Advisors, is set to depart the firm, according to sources close to the firm.
As exclusively revealed in International Investment’s sister title InvestmentEurope, Selvatico who joined Pictet Alternative Advisors in 2010 as a senior hedge funds analyst and portfolio manager, will leave the firm to join a rival organisation.
According to various sources that spoke to InvestmentEurope, Selvatico is set to join Systematica Investments, a company that was launched in January 2015 by former members of BlueCrest Capital Management.
Systematica Investments has declined to comment on the matter.
Founded by Leda Braga – former president and head of Systematic Trading at BlueCrest – Systematica Investments has offices in Jersey, Geneva, London, New York and Singapore. According to company statistics, it managed around $10.2bn (€9.18bn) of assets under management as of 1 March 2016 across futures and equity based strategies.
Prior to joining Pictet, Selvatico was a managing director at Barclays Capital in London in charge of the European interest rate option desk.
He began his career in 1993 at JP Morgan London as a quantitative researcher and then moved to the interest rate swaps market-making desk.
From 1997 to 2000 Selvatico managed the Dollar option desk for JP Morgan in New-York. He also worked at Credit Suisse First Boston in London from 2002 to 2004.
As of 31 December 2015, Pictet Alternative Advisors had some US$11bn (€9.9bn) of assets under management invested in 135 offshore and Ucits hedge funds.
This article originally appeared in International Investment’s sister title InvestmentEurope, earlier today.