Pictet Agora’s Elif Aktug: Catalyst-driven alpha from European large caps

Elif Aktug has featured in The Hedge Fund Journal’s biennial 2016 ‘Tomorrow’s Titans’ survey of ‘rising star’ hedge fund managers, and in our biennial 2017 ’50 Leading Women in Hedge Funds’ survey, both of which were published in association with EY.

Aktug is lead fund manager of Pictet Asset Management’s Agora, a European equity market neutral strategy running USD 2.3 billion that has received multiple awards. For example, the USD 1.4bn PTR-Agora, the 2014-launched UCITS vehicle of the strategy, is a multiple winner of The Hedge Fund Journal’s UCITS Hedge award for best performing fund in the equity market neutral (Europe) – discretionary category. The Agora team also manages assets in a Cayman vehicle, launched in 2011, as well as sleeves of some multi-strategy offerings (such as Pictet TR Diversified Alpha) at Pictet. Unlike some UCITS that are modified versions of a flagship strategy, all Agora strategy accounts are run pari passu. Agora strategy assets are close to the intended capacity level and the team likes to keep the strategy capacity-constrained as their main focus is on performance rather than asset gathering.