London-based alternative asset manager Trium Capital has appointed Adrien Szappanyos responsible for managing a new top-down equity long/short strategy.
Szappanyos’ appointment is one of several recent high-profile hires, as Trium prepares to unveil a broader proposition to investors later this year, the company says.
Szappanyos brings a wealth of experience to the new role, having spent the past six years managing fundamental and technical strategies at a family office. Prior to this, Szappanyos was a partner at Third Phase Capital Management and managing partner of ACS Capital – while he also successfully managed the Dynacap European Opportunity Fund, which returned more than 60% net during the heavily-volatile period between 2006-2008. Trium’s latest hire also held various roles with Goldman Sachs and Lehman Brothers International.
Trium’s new long/short equity sector strategy focusses on the US and Europe, utilising ETFs and sector swaps to minimise idiosyncratic stock risk. Market timing with technical analysis and active management of net exposure are key alpha generators within this strategy, which results in low correlation to equity markets.
Shenan Dhanani, co-head of Trium Capital, said: “At Trium we have cultivated a truly collaborative environment for portfolio managers. We carefully select portfolio managers able to service our clients at all stages of the cycle, with a proven track record of unearthing sources of uncorrelated return. The appointment of Adrien allows us to further develop our offering and continue expanding our suite of specialist strategies.”
Szappanyos concludes: “The decade-long bull run is coming to an end. This will create disruption for long-only strategies that have enjoyed a directional market and usher in a new era of elevated volatility. It also brings more trading opportunities for contrarian investors using long/short strategies to generate outperformance in more turbulent market conditions.”