Valentin Petrescou and Didier Anthamatten joined Lombard Odier Investment Management as lead portfolio managers of the global macro strategy with the firm's 1798 Alternatives.
Petrescou and Anthamatten were also joined by Jeremy Gatto, Philipp Mueller and Max Witschel. The team worked together at Credit Suisse Wealth Management.
The new LOIM strategy, open to institutional and private clients, is due to launch in the third quarter of this year. The team formerly managed the macro long/short and multiasset risk investment strategies at Credit Suisse Wealth Management, which peaked at $1.8 billion in assets under management.
The portfolio managers are based in Geneva and Zurich, Switzerland, and report to Christophe Khaw, CIO of LOIM’s alternatives division. They started at LOIM on April 2.
“At LOIM, we continue to invest in industry-leading talent and investment expertise to help our clients manage the risks and opportunities that arise across market cycles," Jean-Pascal Porcherot, co-head of LOIM and a managing partner at Lombard Odier, said in the news release. "With Valentin, Didier and the team, LOIM will benefit from their extensive expertise managing multi-asset macro strategies that target absolute returns.”
LOIM had assets under management of CHF 62 billion ($73.7 billion), as of December 31.
Credit Suisse was acquired by UBS in March 2023. UBS declined to comment regarding any replacement for the departing team.
