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Fusion Asset Management LLP is an asset management firm based in central London, specialising in managing volatility risks and risk hedging. Established in 2004 by Kirill Ilinski, a former JP Morgan trader, Fusion nowadays is a group of companies managing around £2 billion of client assets.
 | |
| Company type | Limited liability partnership |
|---|---|
| Industry | Financial services |
| Founded | December 2004 |
| Founder | Kirill Ilinski |
| Headquarters | 8–10 Great George Street, London , United Kingdom |
Key people | Kirill Ilinski (Chief Investment Officer) |
| Products | Investment management, hedge overlays |
| AUM | £1 billion |
| Website | www |
History
editFusion Asset Management was established in 2004 by a former JP Morgan trader, the head of derivatives desk, Kirill Ilinski, and former Goldman Sachs fixed income specialists Tim Goodale and John Brewer to manage portfolios focusing on quantitative methods and risk management. In 2006 Ilinski set up the Fusion Long Volatility Strategy, a strategy which became the core of the firm's products.[1]
In 2009 Fusion launched its own hedge advisory and started offering exotic option-based low-cost hedges to the financial intermediaries, primarily funds of funds. The same year the company announced its Fusion Sovereign Yield (Fusion Libor+) strategy.[2]
In July 2010 Fusion launched its own long-short volatility hedge fund, Fusion Global Volatility. In 2009 the strategy made 10.3%, while the hedge fund made only 7% in 2011.[3] In 2011 Fusion also started offering corporate access to its liquidity hedges, aiming to provide a bespoke overlay for the group's FX hedges.[4] In managing volatility risks in August 2011 Ilinski's team achieved a 16.5% return.[citation needed]
In 2012 Fusion offered wealth management, including access to the products usually available to institutional investors only. In 2015 Fusion obtained a license to manage pension funds in the United Kingdom and started trading under the name of Loyal North.[5]
See also
editReferences
edit- ^ [1] "Fusion global volatility", The Hedgefund journal
- ^ [2] Archived 2016-03-04 at the Wayback Machine UCITS Hedge
- ^ [3] "Specialist vol manager Fusion targets corporates, institutions with new liquidity hedging services", Eurohedge, February 2012
- ^ [4] "Fusion launches pioneering liquidity hedging service for corporates", Hedgeweek, October 2011
- ^ [5] Loyal North