Highway City, British Virgin Islands, June twenty fifth, 2024, Chainwire
Promontory Applied sciences is worked up to announce the launch of its Promontory Alpha Fund, a quantitative, systematic, multi-strategy method to commerce liquid listed digital (“crypto”) belongings. The fund is designed to be market-neutral and keep away from deep drawdowns, providing each a BVI car for non-US traders and a Delaware LP for US traders.
Promontory’s CEO, Jackson Fu, was a day-one co-founder of the extremely profitable Qilin Funding, a top-rated quant hedge fund supervisor based mostly in Shanghai. Since its launch in 2016, Qilin has managed USD $5-7 billion in AUM with wonderful risk-adjusted efficiency, incomes it the nickname “The DE Shaw of Asia”. The Promontory group consists of a number of key members from Qilin and brings a powerful pedigree within the quant systematic buying and selling area to the crypto markets.
Notably, the brand new fund has attracted capital from traders akin to outstanding Asian household workplaces and billionaire entrepreneurs, which the group hopes will underscore confidence in Promontory’s method and group.
Becoming a member of Jackson at Promontory from Qilin, are CIO Robin Liu, and several other high quants and builders. Robin beforehand managed a USD $100 million (5,000 BTC) quant crypto technique at Amber Group. The Promontory group, now 15 robust, consists of seasoned professionals from BlackRock (NYSE:), Brevan Howard, Deutsche Financial institution, Morgan Stanley, OKX, Huobi, Gate, and WorldQuant.
Promontory’s technique makes use of superior quantitative strategies, knowledge science, AI, machine studying, and threat modeling to determine uncorrelated alpha in liquid digital belongings. By diversifying capital and threat throughout a broad mixture of sub-strategies and components, the technique achieves robust diversification and a number of sources of alpha. The group has tailored and honed their fashions and algorithms over a number of years to work efficiently within the crypto area and has been buying and selling these fashions within the crypto markets.
Jackson commented, “We’re thrilled to launch our exterior co-mingled fund car. Our key worth proposition lies in our means to outperform conventional hedge funds by capitalizing on crypto’s excessive volatility and inefficiencies, all whereas avoiding the numerous volatility and drawdowns of the underlying crypto belongings by way of extremely structured and repeatable buying and selling processes and algorithms.”
The technique is obtainable in USD, BTC, and ETH share courses and gives individually managed accounts.
For extra data on Promontory Applied sciences and the Promontory Alpha Fund, customers can contact data@promotechfi.com or go to www.promotechfi.com and their LinkedIn firm web page.
About Promontory Applied sciences
Promontory Applied sciences is the premier digital asset administration agency devoted to serving household workplaces, establishments, and excessive internet price people. Promontory gives digital asset publicity, threat administration and diversification by way of a quantitative systematic hedge fund, enterprise capital, market making and OTC companies.
The agency is helmed by a group of seasoned executives who’ve efficiently managed a quantitative hedge fund with over US$7 billion in AUM within the conventional securities markets, in addition to a crypto quantitative hedge fund with over US$200 million in AUM.
ContactsInvestor Relations DirectorCharles Mancharles.man@promotechfi.comInvestor Relations DirectorDavid Scicolonedavid.scicolone@promotechfi.com
This text was initially printed on Chainwire
