Tech
Promontory Technologies goes live for external investors/LPs
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 and multi-strategy approach to trading liquid listed digital (“crypto”) assets. The fund is designed to be market neutral and avoid deep drawdowns, offering both a BVI vehicle for non-US investors and a Delaware LP for US investors.
Promontory CEO Jackson Fu was a co-founder of Qilin Investment, a highly successful quantitative hedge fund manager based in Shanghai. Since its launch in 2016, Qilin has managed $5-7 billion in assets under management with excellent risk-adjusted performance, earning it the nickname “DE Shaw of Asia”. The Promontory team includes several key members of Qilin and brings a strong pedigree in the quantitative systematic trading space in the cryptocurrency markets.
Notably, the new fund has attracted capital from investors such as major 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 leading experts and developers. Robin previously ran a $100 million (5,000 BTC) quantitative cryptocurrency strategy at Amber Group. The Promontory team, now 15 strong, includes experienced professionals from BlackRock, 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 substrategies and factors, the strategy achieves strong diversification and multiple sources of alpha. The team has adapted and refined their models and algorithms over several years to successfully work in the cryptocurrency industry and have traded these models in the cryptocurrency markets.
Jackson commented: “We are excited to launch our external blended fund vehicle. Our key value proposition lies in our ability to outperform traditional hedge funds by exploiting the high volatility and inefficiencies of cryptocurrencies, all while avoiding the significant volatility and drawdowns of the underlying cryptocurrencies through highly structured and repeatable trading processes and algorithms.
The strategy is offered in USD, BTC and ETH share classes and provides separately managed accounts.
For more information on Promontory Technologies and Promontory Alpha Fund, users can contact [email protected] or visit www.promotechfi.com it’s theirs LinkedIn company page.
Learn about Promontory technologies
Promontory technologies is the leading digital wealth management company dedicated to 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 firm is led by a team of experienced executives who have successfully managed a quantitative hedge fund with over $7 billion in AUM in traditional securities markets, as well as a crypto quantitative hedge fund with over $200 million in AUM.
Contacts
Director of Investor Relations
Carlo Man
[email protected]
Director of Investor Relations
Davide Scicolone
[email protected]
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