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 risk premia factors 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
CIO
Paladin Defensive Strategy
Alireza Kobravi
Quantitative Strategist
Paladin Defensive Strategy
Berouz Fatemi
CIO
Paladin Defensive Strategy
Berouz Fatemi joined Tages in 2015 to focus on quantitative and macro investments. He previously worked at Credit Suisse for 8 years 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. Prior to Credit Suisse, Berouz was a partner at Northbay, a fixed-income hedge fund and previously, he managed several proprietary and derivatives trading teams for institutions such as Lehman Brothers, SBC Warburg and Merrill Lynch. Berouz holds a diploma from ESCP in Paris and a DEA in International Finance and economy from Dauphine University.
Alireza Kobravi
Quantitative Strategist
Paladin Defensive Strategy
Alireza joined Investcorp-Tages in 2020. He previously worked in various derivatives trading, structuring, quantitative analytics and risk management roles for RBS and MUFG. He has over 10 years of financial market experience across multiple asset classes. Alireza obtained his PhD in signal processing from King’s College London, and later completed a postgraduate course at Harvard University on Microeconomics Theory. He also holds certificates on Machine Learning and Deep Learning from Stanford University.