Road Town, British Virgin Islands, June 25th,
2024, Chainwire
Promontory Technologies
is excited to announce the launch of its Promontory Alpha Fund, a
quantitative, systematic, multi-strategy approach to trade 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’s CEO, Jackson Fu, was a
day-one co-founder of the highly successful Qilin Investment, a
top-rated quant hedge fund manager based in Shanghai. Since its
launch in 2016, Qilin has managed USD $5-7 billion in AUM with
excellent risk-adjusted performance, earning it the nickname “The
DE Shaw of Asia”. The Promontory team includes several key members
from Qilin and brings a strong pedigree in the quant systematic
trading space to the crypto markets.
Notably, the new fund has attracted
capital from investors such as prominent Asian family offices and
billionaire entrepreneurs, which the team hopes will underscore
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 uses 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
info@promotechfi.com 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 helmed 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
charles.man@promotechfi.com
Investor Relations
Director
David
Scicolone
david.scicolone@promotechfi.com