The University Pension Plan is naming Christophe L’Ahelec the director of its external manager program.
L’Ahelec, who advised the UPP on the implementation of its investment activities in the months leading up to the plan’s launch in July, previously served as a senior principal at the Ontario Teachers’ Pension Plan. In that role, he was responsible for overseeing an external manager program with assets of more than $25 billion. He also led risk reporting efforts within the Ontario Teachers’ capital markets department.
Earlier in his career, L’Ahelec served as a quantitative analyst with Mignon Genève in Geneva, Switzerland. In that role, he constructed a new quantitative strategy fund, AlpStar, which managed more than $150 million.
L’Ahelec is also known for his work as an academic writer. In 2016, he co-authored a simulation-based methodology for evaluating hedge fund investing, which was published in the Journal of Asset Management.
And in 2017, L’Ahelec co-authored another article, a simulation-based methodology for evaluating hedge fund investing, which was published in the Journal of Alternative assets. The paper, which looked at the portfolio management implications of using drawdown-based measures in allocation decisions, introduced the idea of modified conditional expected drawdowns, a risk measure derived from peak-to-trough losses.