News and media


Stouff Capital outperforms the markets and bolsters client confidence Stouff Capital: un hedge fund actions globales

LamiaFinanza, 31 oct 2019

One year after launching its absolute return fund and the announcement that it had entered into a distribution agreement for qualified investors with REYL Group, Stouff Capital has outperformed both the global equity markets and the hedge fund indices. It has bolstered client confidence with its disruptive product offering based on a quantamental strategy.
Founded in 2018 in Geneva, Stouff Capital favours a quantamental investment style – innovative in Europe – combining quantitative analysis with a human-led fundamental approach. This systematic process helps eliminate emotional behavioural biases associated with purely fundamental investment and improve returns under different macroeconomic conditions and market regimes.

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Lancement à Genève de Stouff Capital: un hedge fund actions globales

Juin 2018, Agefi

Le nombre de start-up hedge fund est au plus bas historique. Julien Stouff, fondateur de Stouff Capital, le reconnaît aisément. Il estime néanmoins que les opportunités n’ont jamais été aussi évidentes: la hausse des taux d’intérêt, le retrait des liquidités des banques centrales, les risques de guerres commerciales et les risques géopolitiques (Brexit, risque politique italien), marquent un frein brutal à la hausse tranquille des marchés (d’actions et obligataires) depuis le début des politiques monétaires non conventionnelles.

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Stouff Capital signe un accord de distribution avec le Groupe Reyl

Mai 2019, Agefi

Le groupe Reyl s’associe au gérant de hedge fund Stouff Capital. Créé en 2018 à Genève, Stouff Capital privilégie une gestion active exclusive dite quantamental qui marie analyse quantitative et approche humaine ou fondamentale. Ce processus systématique permet d’éliminer les biais de comportement émotionnels de l’investissement purement fondamental et d’améliorer les rendements à travers les différentes conditions macroéconomiques et les régimes de marchés.
Investi en actions internationales, Stouff Capital vise un objectif de rendement de l’ordre de 5 à 7% par an, avec un profil de volatilité conservateur entre 3 et 5%. L’avantage de cette approche discrétionnaire est de suivre les tendances en sachant prendre les points d’inflexion, notamment dans des marchés volatiles. L’offre disruptive de Stouff Capital réside dans le fait qu’aucun frais de gestion n’est pris pour l’ensemble de ses produits.

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Former Pictet global trading head outlines boutique venture

June 2018, Citywireselector

Stouff said he has always had an entrepreneurial approach and tried to launch his own strategy even before joining Pictet in 2004. He said his current investment approach is ‘quantamental’, as both the long and short trades will be informed by a quantitative process. The two new funds are also going to integrate some elements of the Kronos fund which Stouff managed during his time at Pictet.
‘Kronos was a trading fund and what we called long convexity, so we tended to make a lot of money when there was a lot of volatility and disruption on the market, like in 2008. But then we had a drawdown in 2012, which coincided with the beginning of the QE when the volatility was falling.’

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Ces petits hedge funds qui recrutent des traders et quants à Genève…

October 2018, efinancialcareers

Enfin, régulièrement, de nouveaux acteurs font leur apparition sur la scène genevoise des hedge funds. Dernier venu : Stouff Capital, fondé en juin dernier par deux anciens private bankers. Le nouveau fonds (orienté actions globales) sera dirigé par Julien Stouff, ex-responsable mondial de la stratégie trading de Pictet.
A ses côtés, Gregory Chevalley, ex-quant developper chez Pictet, sera en charge de la gestion quantitative et du risk management. « L’une des raisons pour lesquelles nous avons décidé de partir est que nous voulions lancer un fonds sans frais de gestion (management fees). Nous facturerons uniquement si nous performons et c’est la direction vers laquelle d’autres hedge funds pourraient se diriger dans le futur », expliquent les fondateurs. De quoi donner des idées à d’autres…

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Hedge Funds: A Few Brave Funds Open as Startups Near Lows

June 2018, Bloomberg

Julien Stouff, formerly at Pictet & Cie, is starting Stouff Capital with Gregory Chevalley. The two will try to make money from rising and falling stocks.


Former Pictet Trader Stouff Says He’s Starting a Hedge Fund Firm

Feb 2018, Bloomberg

By Nishant Kumar(Bloomberg) —Julien Stouff, former global trading head of Pictet Trading & Strategy, is starting a hedge fund betting on rising and falling stocks.Stouff is setting up his investment firm — Stouff Capital — in Geneva withGregory Chevalley, the former head of quant at the same unit of Banque Pictet & Cie., the founder said on Wednesday. The fund will start in the second half of the year and use quantitative techniques, high-frequency trading and tail-risk hedging to bet on equities globally. Stouff declined to disclose details of the fund’s assets under management.The market is currently focusing on macro data, such as fiscal reforms, trade wars, debt and rising interest rates, Stouff said. That’s setting the stage for higher volatility and could lead to better trading opportunities, he said.Chevalley did not return calls and a LinkedIn message seeking comment.Stouff joins a number of other managers, such as former GLG Partners’ executive Himanshu Gulati and ex-BlueCrest Capital management’s Adam Aron, in starting their own shops. The new funds are being started as investors continue to warm to hedge funds.Investor inflows totaled $14 billion in the first quarter this year, with equity funds receiving the bulk of the allocations, according to eVestment’s latest data. That’s about half of the money allocated last year and is an about-turn from 2016 when investors pulled $112 billion, eVestment data said.Stouff left Pictet in April after 14 years, he said. Chevalley was at the Swiss firm for about eight years, according to a Stouff Capital investor presentation seen by Bloomberg News. A spokeswoman for Pictet declined to comment.