Oakley Alternative Investment Management is further expanding its London operations with the appointment of Fabio Cortes as Head of Macro at the company’s flagship fund of hedge funds, Oakley Absolute Return.

Cortes will work alongside Nick Hannan, CIO, and Teun Johnston, Head of Investments, to further develop the scope of the OAIM investment function and business.

Prior to joining Oakley, Fabio Cortes was a managing director of Amundi AI SAS with a focus on analysing European and Asian macro, trading and fixed income strategies as well as advising a macro and systematic trading fund of hedge funds.

Cortes began his career at the Bank of England in 2000 as a research analyst, moving in 2003 to the bank’s foreign exchange division as an asset swap dealer and fixed-income analyst.

In 2004 he joined the newly-created analysis team within the bank’s foreign exchange division as a senior analyst where he was responsible for providing fixed-income strategy to the active foreign reserve management operations and briefing the UK’s Monetary Policy Committee on developments in the fixed income and currency markets.

Nick Hannan, CIO of Oakley Alternative Investment Management, said, “We are very pleased that Fabio is joining us at this particular juncture. Finding someone with his expertise and experience is not easy and we look forward to working with him. Fabio’s appointment further strengthens our investment capability in the macro trading and fixed income area, where we see significant investment opportunities.