The asset management arm of Swiss private banking group Lombard Odier has put together a three-strong team to run its global macro strategies.

Lombard Odier Investment Managers has appointed a new global macro team to expand its alternative investment offering.

The team will comprise Vilas Gadkari, Giuseppe Sette and Jan Szilagyi. Gadkari, co-founder of the Rubicon Fund in 1999, previously held senior portfolio management positions at Brevan Howard Asset Management and Salomon Brothers Asset Management. He brings over 25 years’ of experience in asset management. 

Sette, who founded Endowment Advisors in 2012, was portfolio manager at Brevan Howard and Davidson Kempner. He has 12 years of investment experience. Szilagyi joins from his position as global macro portfolio manager at Fortress Investment Group and Duquesne Capital, and brings over 15 years of experience in global macro strategies. He will be based in New York while Gadkari and Sette will be based in London.

With the new team in place, Lombard Odier IM has launched a Global Macro strategy with $150 million in Luxembourg. The UCITS compliant strategy, which aims to benefit from macroeconomic themes across all asset classes and regions, targets returns of 10 per cent with a volatility of 8 to 10 per cent net of fees on an annual basis. As part of Lombard Odier IM’s alternative UCITS range, the fund will be registered for sale across Europe over the next few weeks.

Lombard Odier IM builds solutions around four investment pillars: smart beta, high conviction, absolute return and multi-asset. As of the end of June, it had $50 billion of assets under management.