Ex-Fortis global head sets up boutique
Benedict Peeters, Fortis Investments' former global head of structured business, has founded Finvex Group, an investment consultancy that will advise institutional investors on the design of customised, index-based investment solutions.
Peeters, who left Fortis Investments in October 2009, said the firm is working with a specialist quantitative development house in the development of customised, risk-optimised equity indices, which will be used as underlyings for investment solutions. "Our business has a three-fold strategy," said Peeters. "First, we will work on the creation of index strategies around sources of performance from the client itself. Second, we will create own sources of alpha such as quality and high-level, research-based quantitative strategies; and finally, we are working with another firm in the development of high added-value thematic sources of alpha. All these performance engines can be used as underlyings for transparent and true added-value investment products that combine elements of research/asset management and protection via derivative techniques."
The new boutique has three European partners and two in the US, with new partners expected to join this year. Benedict Peeters and senior structured products specialist Joakim Darras are the founding members and co-managing directors of the new venture. Peeters told SRP Finvex is in talks with index calculation agents over potential partnerships.