January 2026
This article was originally posted on HedgeWeek.
Elliot Refson (ER): Systematica emerged as a spin-out just over ten years ago when it established its corporate headquarters in Jersey. What stands out to you now, as you look back over those ten years?
Paul Rouse (PR): Things have certainly evolved over the past decade. As a spin-out manager, in the early days we had very little of our own infrastructure, with transitionary support being provided by our former hedge fund, so a significant focus back then was on becoming fully independent, building out middle and back office teams, and creating our own technology systems.
The biggest change has really been how we have diversified. Ten years ago, our AUM was driven predominantly by BlueTrend, our original trend following fund. Today, our offering is far broader. We've developed and rolled out other trend followers focused on Alternatives Markets and China Markets but also developed a non-trend macro business and made