Highway City, British Virgin Islands, June 25, 2024, Chainwire
Promontory Technologies is happy to announce the launch of its Promontory Alpha Fund, a quantitative, systematic, multi-strategy strategy to buying and selling liquid listed digital (“crypto”) belongings. The fund is designed to be market-neutral and survive deep drawdowns, providing each a BVI car for non-US traders and a Delaware LP for US traders.
Promontory CEO Jackson Fu was a day one co-founder of the extremely profitable Qilin Funding, a top-rated quant hedge fund supervisor primarily based 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 “Asia’s DE Shaw.” The Promontory staff consists of a number of key members of 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 traders similar to main Asian household workplaces and billionaire entrepreneurs, which the staff hopes will enhance confidence in Promontory’s imaginative and prescient and staff.
Becoming a member of Jackson at Promontory from Qilin are CIO Robin Liu and a number of other prime quants and builders. Robin beforehand managed a USD $100 million (5,000 BTC) quant crypto technique at Amber Group. The Promontory staff, now 15 members robust, consists of seasoned professionals from BlackRock, Brevan Howard, Deutsche Financial institution, Morgan Stanley, OKEx, Huobi, Gate, and WorldQuant.
Promontory’s technique makes use of superior quantitative methods, knowledge science, AI, machine studying, and threat modeling to establish uncorrelated alpha in liquid digital belongings. By diversifying capital and threat throughout a broad mixture of sub-strategies and elements, the technique achieves robust diversification and a number of sources of alpha. The staff has optimized and improved its fashions and algorithms over a number of years to efficiently function 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 car. Our core worth proposition lies in our capacity to outperform conventional hedge funds by leveraging the excessive volatility and inefficiencies of crypto, whereas avoiding the numerous volatility and drawdowns of the underlying crypto belongings via extremely structured and repeatable buying and selling processes and algorithms.”
This technique is obtainable in USD, BTC, and ETH share courses and affords individually managed accounts.
For extra data on Promontory Applied sciences and Promontory Alpha Fund, customers can contact (email protected) or go to www.promotechfi.com and their Linkedin Firm web page.
About Promontory Applied sciences
Promontory Technologies It’s a main digital asset administration agency devoted to serving household workplaces, establishments, and excessive internet price people. Promontory gives digital asset publicity, threat administration, and diversification via a quantitative systematic hedge fund, enterprise capital, market making, and OTC companies.
The agency is led by a staff of skilled executives who’ve efficiently managed quantitative hedge funds with over USD 7 billion in AUM in conventional securities markets, in addition to crypto quantitative hedge funds with over USD 200 million in AUM.
Contact
Investor Relations Director
Charles Mann
(email protected)
Investor Relations Director
David Scicolone
(email protected)
