Street 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 car for non-US traders and a Delaware LP for US traders.
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 group contains a number of key members from Qilin and brings a powerful pedigree within the quantum systematic buying and selling house to the crypto markets.
Notably, the brand new fund has attracted capital from traders equivalent to distinguished Asian household places of work and billionaire entrepreneurs, which the group hopes will underline confidence in Promontory's method and group.
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 group, now 15 sturdy, contains seasoned professionals from BlackRock, 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 establish uncorrelated alpha in liquid digital property. By diversifying capital and threat throughout a broad mixture of sub-strategies and components, the technique achieves sturdy diversification and a number of sources of alpha. The group has tailored and refined their fashions and algorithms over a number of years to work efficiently within the crypto house 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 potential to outperform conventional hedge funds by capitalizing on the excessive volatility and inefficiencies of cryptocurrencies whereas avoiding vital volatility and leverage within the underlying crypto property by way of extremely structured and repeatable buying and selling processes and algorithms.
The technique is obtainable in USD, BTC and ETH share lessons and gives individually managed accounts.
For extra details about Promontory Applied sciences and Promontory Alpha Fund, customers can contact (e mail protected) 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 places of work, establishments and excessive web value people. Promontory gives digital asset publicity, threat administration and diversification by way of quantitative systematic hedge fund, enterprise capital, market making and OTC providers.
The agency is managed by a group 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.
Contacts
Director of Investor Relations
Charles Mann
(e mail protected)
Director of Investor Relations
David Scicolone
(e mail protected)
