PRESS RELEASE
Road Town, British Virgin Islands, June 25th, 2024, Chainwire.
Promontory Technologies is thrilled to announce the release of its Promontory Alpha Fund, an innovative and systematic approach to trading liquid listed digital assets. The fund is designed to be market-neutral and to avoid significant losses, catering to both non-US investors through a BVI vehicle and US investors through a Delaware LP.
Promontory’s CEO, Jackson Fu, was among the co-founders of Qilin Investment, a successful quant hedge fund manager based in Shanghai. Qilin has managed USD $5-7 billion in AUM since 2016, earning a reputation as “The DE Shaw of Asia”. The Promontory team includes key members from Qilin, bringing a wealth of experience in the quant systematic trading space to the crypto markets.
The new fund has garnered interest from prominent Asian family offices and billionaire entrepreneurs, underscoring 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 [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 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
[email protected]
Investor Relations Director
David Scicolone
[email protected]
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