2024-6-25 16:35 |
Promontory Technologies is thrilled to introduce the Promontory Alpha Fund, a cutting-edge investment vehicle that employs a quantitative, systematic, multi-strategy approach to trading liquid-listed digital assets. The fund is structured to be market-neutral and minimize significant losses, providing a BVI vehicle for non-US investors and a Delaware LP for US investors.
Promontory’s CEO, Jackson Fu, played a crucial role in the inception of Qilin Investment, a highly successful quant hedge fund manager in Shanghai. Since its establishment in 2016, Qilin has successfully managed a substantial amount of assets under management, ranging from $5-7 billion. Its impressive risk-adjusted performance has earned it the nickname “The DE Shaw of Asia.” The Promontory team consists of several experienced Qilin members with a strong background in quant systematic trading. They bring their expertise to the crypto markets.
Significantly, the new fund has managed to attract capital from notable Asian family offices and billionaire entrepreneurs, which the team is optimistic will strengthen confidence in Promontory’s approach and team.
Accompanying Jackson at Promontory from Qilin is CIO Robin Liu, along with a team of highly skilled quants and developers. Robin has experience managing a substantial $100 million (5,000 BTC) quant crypto strategy at Amber Group. The Promontory team, comprising 15 members, comprises experienced professionals from renowned financial institutions such as BlackRock, Brevan Howard, Deutsche Bank, Morgan Stanley, OKX, Huobi, Gate, and WorldQuant.
Jackson commented, “We are thrilled to launch our external co-mingled fund vehicle. Our key value proposition lies in our ability to outperform traditional hedge funds by capitalizing on crypto’s high volatility and inefficiencies, all while avoiding the significant volatility and drawdowns of the underlying crypto assets through highly structured and repeatable trading processes and algorithms.”
Promontory employs sophisticated quantitative techniques, data science, AI, machine learning, and risk modeling to pinpoint uncorrelated alpha in liquid digital assets. By carefully allocating capital and risk across a wide range of sub-strategies and factors, this approach achieves robust diversification and taps into various sources of alpha. The team has spent years refining its models and algorithms to thrive in the world of cryptocurrency. It has successfully applied these models to trade in the crypto markets.
The strategy is available in USD, BTC, and ETH share classes and offers separately managed accounts.
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