Highway City, BVI, June 25, 2024, Chainwire
Promontory Applied sciences is happy to announce the launch of its Promontory Alpha Fund, a quantitative, systematic, multi-strategy strategy to buying and selling liquid digital (“crypto”) belongings. The fund is designed to be market impartial and keep away from main drawdowns by providing each a BVI facility for non-US traders and a Delaware LP for US traders.
Promontory’s CEO, Jackson Fu, on day one co-founded the extremely profitable Qilin Funding, a extremely rated hedge fund supervisor based mostly in Shanghai. Since its launch in 2016, Qilin has managed US$5-7 billion in AUM with glorious risk-adjusted efficiency, incomes it the nickname “Asia’s DE Shaw”. The Promontory crew consists of a number of key members from Qilin and brings a robust pedigree in quantum systematic buying and selling to the crypto markets.
Notably, the brand new fund has attracted capital from traders comparable to outstanding Asian household places of work and billionaire entrepreneurs, which the crew hopes will underline the credibility of Promontory’s strategy and crew.
Jackson is joined at Qilin’s Promontory by CIO Robin Liu and several other senior professionals and builders. Beforehand, Robin managed a $100 million (5,000 BTC) quantitative crypto technique at Amber Group. The Promontory crew, now 15 robust, consists of 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, synthetic intelligence, machine studying and danger modeling to establish uncorrelated alpha in liquid digital belongings. By diversifying capital and danger throughout a variety of substrategies and elements, the technique achieves robust diversification and a number of sources of alpha. Over time, the crew has tailored and honed their fashions and algorithms to work efficiently within the crypto area and commerce these fashions on crypto markets.
Jackson commented: “We’re very excited in regards to the launch of our Exterior Mutual Fund. Our key worth proposition lies in our skill to outperform conventional hedge funds via the excessive volatility and inefficiencies of crypto, whereas avoiding vital volatility and drawdowns within the underlying crypto belongings via extremely structured and repeatable buying and selling processes and algorithms.”
The technique is obtainable in USD, BTC and ETH share courses and supplies separate managed accounts.
For extra details about Promontory Applied sciences and Promontory Alpha Fund, customers can contact [email 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 agency serving household places of work, 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 companies.
The agency is managed by a crew of skilled executives who’ve efficiently managed a quantitative hedge fund with over US$7 billion in AUM in conventional securities markets, in addition to a crypto quantitative hedge fund with over US$200 million in AUM.
Contacts
Director of Investor Relations
Charles Mann
[email protected]
Director of Investor Relations
David Schicalone
[email protected]
