Road Town, British Virgin Islands, June 25, 2024, Chainwire
Promontory Technologies is excited to announce the launch of its Promontory Alpha Fund, a quantitative, systematic and multi-strategy approach to trading liquid, exchange-traded digital assets (“crypto”). The fund is designed to remain market neutral and avoid deep declines, offering both a BVI company for non-US investors and a Delaware LP for US investors.
Promontory CEO Jackson Fu co-founded the successful Qilin Investment, a top-rated hedge fund management firm based in Shanghai, from day one. Since its launch in 2016, Qilin has managed $5-7 billion in AUM with excellent risk-adjusted performance, earning it the nickname “DE Shaw of Asia.” The Promontory team consists of several key members from Qilin and brings a robust pedigree in the quantitative systematic trading space to the cryptocurrency markets.
Notably, the modern 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 is CIO Robin Liu and several top specialists and developers. Robin previously led a $100 million (5,000 BTC) quant crypto strategy at Amber Group. Promontory’s team of 15 now includes seasoned professionals from BlackRock (NYSE:), Brevan Howard, Deutsche Bank, Morgan Stanley, OKX, Huobi, Gate, and WorldQuant.
Promontory’s strategy uses advanced quantitative techniques, data analytics, artificial intelligence, machine learning and risk modeling to identify uncorrelated alpha in liquid digital assets. By diversifying capital and risk across a wide range of sub-strategies and factors, the strategy provides robust diversification and multiple sources of alpha. The team spent several years adapting and refining their models and algorithms to successfully work in the crypto space, and traded these models on the cryptocurrency markets.
Jackson commented: “We are excited to launch our external blended funds facility. Our key value proposition lies in our ability to outperform established hedge funds by exploiting the high volatility and inefficiencies of cryptocurrencies, all while avoiding significant volatility and declines in 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 about Promontory Technologies and the Promontory Alpha Fund, users can contact info@promotechfi.com or visit www.promotechfi.com and the company’s LinkedIn page.
Information about Promontory technologies
Promontory Technologies is a 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 managers who have successfully managed a quantitative hedge fund with over $7 billion in AUM in established securities markets, as well as a cryptocurrency quantitative hedge fund with over $200 million in AUM.
CommunicationDirector of Investor RelationsCharles Mancharles.man@promotechfi.comDirector of Investor RelationsDavid Scicolonedavid.scicolone@promotechfi.com
