Kettera Strategies has added Carmika Partners to its Hydra managed account platform.
Founded in 2015 by Goldman Sachs alumni Manjeet Mudan and Martin Vestergaard, Carmika’s Alpha Hedge Strategy is focused on isolating anomalies across equity option volatility markets around the globe.
The strategy also aims to limit risk through an asymmetrical hedge with positive convexity on the up- and down-side.
“We believe our global arbitrage trading strategy is well-suited for growth,” said Vestergaard, Carmika partner and portfolio manager, in a statement.
Chicago-based Kettera’s Hydra platform expanded from its macro/CTA roots to include equity strategies late last year.
In December it added Hull Tactical, managed by hometown trading legend Blair Hull, to the platform.
Hydra provides investors with daily transparency, intra-month liquidity and notional funding capabilities.
Goldman Sachs serves as prime broker on the platform. RSM provides audit services, BMO is the custodian and NAV Consulting is the administrator.