FOR IMMEDIATE RELEASE
Road Town, British Virgin Islands, June 25th, 2024, Chainwire.
Promontory Technologies is thrilled to introduce the Promontory Alpha Fund, a systematic, multi-strategy approach to trading liquid listed digital assets, also known as “crypto”. The fund aims to be market-neutral and avoid significant losses, providing a BVI vehicle for non-US investors and a Delaware LP for US investors.
Jackson Fu, CEO of Promontory, co-founded the successful Qilin Investment, a top-rated quant hedge fund manager in Shanghai. Qilin, launched in 2016, has managed between USD $5-7 billion in AUM and has earned the nickname “The DE Shaw of Asia” due to its excellent risk-adjusted performance. The Promontory team includes key members from Qilin and brings a strong pedigree in the quant systematic trading space to the crypto markets.
The new fund has already attracted capital from prominent Asian family offices and billionaire entrepreneurs, which the team hopes will demonstrate confidence in Promontory’s approach and team.
Joining Jackson at Promontory from Qilin, are CIO Robin Liu, and several top quants and developers. Robin previously managed a USD $100 million (5,000 BTC) quant crypto strategy at Amber Group. The Promontory team, now 15 strong, includes seasoned professionals from BlackRock, Brevan Howard, Deutsche Bank, Morgan Stanley, OKX, Huobi, Gate, and WorldQuant.
Promontory’s strategy utilizes advanced quantitative techniques, data science, AI, 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 honed their models and algorithms over several years to work successfully in the crypto space and has been trading these models in the crypto markets.
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.”
The strategy is offered in USD, BTC, and ETH share classes and provides separately managed accounts.
For more information on Promontory Technologies and the Promontory Alpha Fund, users can contact [email protected] or visit www.promotechfi.com and their LinkedIn company page.
About Promontory Technologies
Promontory Technologies is the premier digital asset management firm dedicated to serving family offices, institutions, and high net worth individuals. Promontory provides digital asset exposure, risk management, and diversification through a quantitative systematic hedge fund, venture capital, market making, and OTC services.
The firm is led by a team of seasoned executives who have successfully managed a quantitative hedge fund with over US$7 billion in AUM in the traditional securities markets, as well as a crypto quantitative hedge fund with over US$200 million in AUM.
Contacts
Investor Relations Director
Charles Man
[email protected]
Investor Relations Director
David Scicolone
[email protected]
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