Chapter 14 BAREP futures funds

DAVID. OBERT, EDOUARD. PETITDIDIER*,

14.1 INTRODUCTION

BAREP (Banque de Réescompte et de Placement), a French bank and a fully owned subsidiary of SOCIETE GENERALE, has an asset management structure, which creates, markets and manages a full range of products and services provided to clients.

This structure has developed a futures funds’ asset management based on two leading concepts:

(1) Technical systematic asset management, with investment strategies based on models of historical behaviour in futures markets.

(2) Concentration of the decision-making process within the BAREP management team acting as its own commodity trading advisor (CTA).

Section 14.2 of the chapter is an introduction of BAREP’s specific ...

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