Trium Capital, a family office backed independent asset manager, has hired multi-asset investor Toby Hayes. With more than 20 years’ experience in creating and managing multi-asset and alternative strategies, Hayes has built expertise across a wide range of areas, including structural returns, risk premia and factor investing.

In several high-profile roles, Hayes has consistently delivered uncorrelated returns to investors. Prior to joining Trium Capital, he was head of multi-asset at Fortem Capital, where he launched and managed the Fortem Capital Alternative Growth Fund. The strategy was particularly notable for its outperformance during the height of the pandemic-induced market sell-off – the strategy returned 3.4 per cent in March 2020, when its sector suffered acute drawdowns.   

Prior to this, Hayes was a multi-asset Fund manager for Franklin Templeton, managing several alternative and traditional multi-asset funds. He was also previously a partner for Pacific Investments, developing various derivative based alternative strategies.  

Hayes developed his experience as a founding partner at Armstrong investment managers, a multi-asset boutique where he managed global macro portfolios. He holds a Master's degree in Economics from the University of Edinburgh and is a CFA charter holder.  

Donald Pepper, Co-head of Trium Capital commented on the appointment: “Toby possesses unparalleled experience in delivering consistent but uncorrelated alternative returns to investors and navigating clients through acute volatility events. He has a deep well of knowledge in niche areas, such as structural returns, which brings a complementary and collaborative element to our Trium investment team. We firmly believe by drawing on Trium’s institutional class infrastructure, Toby can harness the full potential of his uncorrelated multi-asset philosophy and process.”  

Hayes says: “By joining Trium, l will be able to leverage Trium’s established infrastructure and distribution. The firm has the resources and entrepreneurial spirit to allow portfolio managers to scale proven strategies. 

“Asset classes have been pushed to stratospheric valuations by central bank intervention, and investors can no longer be confident that traditional defensive asset classes will offer sufficient protection. As correlations between bonds and equities rise, and an inflationary regime looms, it is more important than ever to offer true uncorrelated strategies that are immune from traditional capital markets risk.”