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Street City, British Virgin Islands, June twenty fifth, 2024, Chainwire
Promontory Applied sciences is happy to announce the launch of its Promontory Alpha Fund, a quantitative, systematic, multi-strategy strategy to commerce liquid listed digital (“crypto”) property. The fund is designed to be market-neutral 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, 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 glorious risk-adjusted efficiency, incomes it the nickname “The DE Shaw of Asia”. The Promontory staff contains a number of key members from Qilin and brings a robust pedigree within the quant systematic buying and selling house to the crypto markets.
Notably, the brand new fund has attracted capital from buyers corresponding to outstanding Asian household workplaces and billionaire entrepreneurs, which the staff hopes will underscore confidence in Promontory’s strategy and staff.
Becoming a member of Jackson at Promontory from Qilin, are CIO Robin Liu, and a number of other high quants and builders. Robin beforehand managed a USD $100 million (5,000 BTC) quant crypto technique at Amber Group. The Promontory staff, now 15 sturdy, contains 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, information 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 staff has tailored and honed their fashions and algorithms over a number of years to work efficiently within the crypto house and has been buying and selling these fashions within the crypto markets.
Jackson commented, “We’re thrilled to launch our exterior co-mingled fund automobile. Our key worth proposition lies in our skill 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 property by 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 info on Promontory Applied sciences and the Promontory Alpha Fund, customers can contact information@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 web price people. Promontory gives digital asset publicity, threat administration and diversification by a quantitative systematic hedge fund, enterprise capital, market making and OTC providers.
The agency is helmed by a staff 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 revealed on Chainwire