HC Vigama Alpha Fund
• Targets 10-14% annualized returns with mid-to-high single digit volatility
• 50-60 position portfolio with limited net exposure, balancing targeted alpha ideas with disciplined risk management.
• Leverages equity options to better capture upside and mitigate downside risk, creating convex payoffs
Key people:
Vincent Ijaouane
- Dual master’s degrees in Finance (HEC Paris) and Strategy & International Management (St. Gallen, CH)
- Began career as an Investment Banking analyst at Goldman Sachs (TMT) in London.
- Joined Pictet in 2011 to co-launch the Agora strategy, a long/short market-neutral equity hedge fund (Cayman & UCITS).
- Spent 12+ years managing a ~$2bn AUM strategy with annualized gross returns of 6.3% at 5.8% volatility.
- Oversaw risk on portfolios with over $8bn in gross exposure, primarily across Europe (70%) and the US (20%+).
- Combined top-down macro insights with bottom-up company models to navigate geopolitical and market risks.
- Collaborated across multiple asset classes, frequently speaking at internal macro cross-asset meetings.
