The Paladin Defensive Strategy launched in 2018 and is managed by Berouz Fatemi, who has over 35 years’ experience and joined the firm in 2015 to focus on quantitative and macro investments. Previously, he worked at Credit Suisse as Managing Director with responsibility for managing proprietary trading for the Fixed Income department and then as interim Head of Commodities and Head of Energy Trading at the bank.

The strategy aims to provide investors with protection from sharp dislocations in global equity and bond markets without the typical burden of negative carry associated with tail hedging strategies. Berouz and his team utilise process-driven quantitative and qualitative analysis, as well as a strong focus on risk management, to generate attractive liquid portfolios for clients.

A combination of systematic long volatility, convexity, momentum and mean reversion strategies are utilised together with low beta carry strategies designed to compensate for time decay. The team’s deep understanding of a wide range of hedging strategies enables a high degree of customisation to client requirements. The strategy can be run on a standalone basis or as an overlay paired with underlying equity exposure.

Team Members

Berouz Fatemi

Paladin Defensive Strategy

Alireza Kobravi

Quantitative Strategist
Paladin Defensive Strategy