Highway City, British Virgin Islands, 25 June 2024, Chainwire
Promontory Applied sciences is happy to announce the launch of its Promontory Alpha Fund, a quantitative, systematic and multi-strategy method to buying and selling liquid listed digital (“crypto”) property. The fund is designed to be market impartial and keep away from deep drawdowns, providing each a BVI automobile for non-US buyers and a Delaware LP for US buyers.
Promontory's CEO, Jackson Fu, co-founded the extremely profitable Qilin Funding, a top-rated Shanghai-based quant hedge fund supervisor, on day one. Since its launch in 2016, Qilin has managed US$5-7 billion in AUM with excellent risk-adjusted efficiency, incomes it the nickname “DE Shaw of Asia”. The Promontory crew consists of a number of key members from Qilin and brings a robust pedigree within the quantum systematic buying and selling area to the crypto markets.
Notably, the brand new fund has attracted capital from buyers akin to outstanding Asian household workplaces and billionaire entrepreneurs, which the crew hopes will underline confidence in Promontory's method and crew.
Becoming a member of Jackson at Promontory from Qilin are CIO Robin Liu and a number of other high personalities and builders. Robin beforehand managed a USD 100 million (5000 BTC) quant crypto technique at Amber Group. The Promontory crew, now 15 sturdy, 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 methods, knowledge science, AI, machine studying and danger modeling to determine uncorrelated alpha in liquid digital property. By diversifying capital and danger throughout a broad mixture of sub-strategies and elements, the technique achieves sturdy diversification and a number of sources of alpha. The crew has tailored and refined their fashions and algorithms over a number of years to work efficiently within the crypto area and trades these fashions on the crypto markets.
Jackson commented: “We’re excited to launch our exterior commingled fund. Our core worth lies in our skill to outperform conventional hedge funds by capitalizing on the excessive volatility and inefficiencies of cryptocurrencies whereas avoiding important volatility and leverage within the underlying crypto property via extremely structured and repeatable buying and selling processes and algorithms.
The technique is obtainable in USD, BTC and ETH share lessons and supplies individually managed accounts.
For extra details about Promontory Applied sciences and Promontory Alpha Fund, customers can contact information@promotechfi.com or go to www.promotechfi.com and their firm web page on LinkedIn.
About Promontory Applied sciences
Promontory Applied sciences is a number one digital asset administration firm devoted to household workplaces, establishments and excessive internet value people. Promontory supplies digital asset publicity, danger administration and diversification via quantitative systematic hedge fund, enterprise capital, market making and OTC providers.
The agency is managed by a crew of skilled managers who’ve efficiently managed a quantitative hedge fund with over $7 billion in AUM in conventional fairness markets, in addition to a crypto quantitative hedge fund with over $200 million in AUM.
ContactsDirector of Investor RelationsCharles Manncharles.man@promotechfi.comDirector of Investor RelationsDavid Scicolonedavid.scicolone@promotechfi.com
This text was initially printed on Chainwire
