Road Town, British Virgin Islands, June 25, 2024, Chainwire
Promontory Technologies is pleased to announce the launch of its Promontory Alpha Fund, a quantitative, systematic, multi-strategy approach to trading liquid listed digital (“crypto”) assets. The fund is designed to be market neutral and avoid deep declines, offering both a BVI vehicle for non-US investors and a Delaware LP for US investors.
Promontory CEO Jackson Fu co-founded from day one the successful Qilin Investment, a top-tier quantitative hedge fund manager based in Shanghai. Since its launch in 2016, Qilin has managed between $5 billion and $7 billion in assets under management with excellent risk-adjusted performance, earning it the nickname “Asia's DE Shaw.” The Promontory team includes several key Qilin members and brings a strong pedigree in the quantitative systematic trading space to the crypto markets.
In particular, the new fund has attracted capital from investors such as prominent Asian family offices and billionaire entrepreneurs, which the team hopes will underline confidence in Promontory's approach and team.
Joining Jackson at Promontory from Qilin are CIO Robin Liu and several top developers and quantitative experts. Robin previously managed a $100 million (5,000 BTC) quantitative crypto strategy at Amber Group. Promontory's team, now 15 strong, includes experienced professionals from BlackRock (NYSE 🙂, Brevan Howard, Deutsche Bank, Morgan Stanley, OKX, Huobi, Gate and WorldQuant.
Promontory's strategy uses advanced quantitative techniques, data science, artificial intelligence, machine learning and risk modeling to identify uncorrelated alpha in liquid digital assets. By diversifying capital and risk across a broad mix of sub-strategies and factors, the strategy achieves strong diversification and multiple sources of alpha. The team has adapted and refined their models and algorithms for several years to successfully work in the crypto space and has been commercializing these models in the crypto markets.
Jackson commented: “We are delighted to launch our external pooled funds vehicle. Our key value proposition lies in our ability to outperform traditional hedge funds by capitalizing on the high volatility and inefficiencies of cryptocurrencies, while avoiding significant volatility and drawdowns of the underlying cryptoassets through highly structured trading processes and algorithms. and repeatable”.
The strategy is offered in USD, BTC and ETH share classes and provides separately managed accounts.
For more information about Promontory Technologies and Promontory Alpha Fund, users can contact [email protected] or visit www.promotechfi.com and their company page on LinkedIn.
About Promontory Technologies
Promontory Technologies is the leading digital asset management company serving family offices, institutions and high net worth individuals. Promontory provides digital asset exposure, risk management and diversification through quantitative systematic hedge fund, venture capital, market making and OTC services.
The company is led by a team of experienced executives who have successfully managed a quantitative hedge fund with over $7 billion in assets under management in traditional equity markets, as well as a crypto-quant hedge fund with over 200 million dollars in assets under management.
ContactsInvestor Relations Directorcarlos man[email protected]Investor Relations DirectorDavid Scicolone[email protected]
This article was originally published on Chainwire.
