What was the situation?
ADI Alternative Investments was a EUR 10B hedge fund under AMF regulation, owned by Matmut, Lombard Odier and Française des Placements. The operator worked there from September 2002 to May 2009, through the Lehman-triggered collapse, AMF freeze, liquidation and acquisition by Matmut.
What did ARCHITEKT do?
The operator structured strategic reporting, communication and governance. He designed an integrated fund-of-funds reporting system spanning internal, client and regulatory information flows, audited processes and mapped the fund lifecycle, and worked directly with the CEO, CFO and COO on board-level materials including Fitch and Moody's rating presentations. As secretary of the employee representative committee, he liaised with the supervisory board and institutional shareholders.
What changed, measurably?
The work contributed to the first ARIA framework enabling onshore hedge funds for French retail investors and established an integrated reporting system across internal, client and regulatory flows. During the crisis, the operator represented employees, led negotiations and contributed to the redundancy plan affecting half of the workforce, including his own position.
ADI Alternative Investments ran EUR 10 billion under AMF regulation and then ran into the Lehman collapse, so the reporting, the governance and the arbitration circuit had to hold while the fund was frozen, liquidated and acquired.
How does a hedge fund keep its governance through a collapse?
Reporting was designed as one system across internal, client and regulatory flows rather than three parallel exercises, so the same figures reached the board, the clients and the regulator; the fund-lifecycle map and the rating presentations for Fitch and Moody's came out of that single source, and the framework contributed to the first ARIA structure opening onshore hedge funds to French retail investors.
- What was ADI Alternative Investments?
- An AMF-regulated EUR 10B hedge fund owned by Matmut, Lombard Odier and Française des Placements.
- What governance work was delivered?
- Strategic reporting, an integrated fund-of-funds reporting system, fund-lifecycle mapping and board-level materials for the CEO, CFO and COO.
- What happened during the Lehman-triggered collapse?
- The operator represented employees through the AMF freeze, liquidation and acquisition by Matmut, led negotiations and contributed to the redundancy plan affecting half of the workforce.