Announcement of Promontory Alpha Fund Launch
Road Town, British Virgin Islands, June 25th, 2024, Chainwire
Promontory Technologies is delighted to introduce the Promontory Alpha Fund, a sophisticated quantitative, systematic, multi-strategy approach tailored for trading liquid listed digital assets, also known as 'crypto' assets. The fund's primary objective is to maintain a market-neutral stance and steer clear of deep drawdowns. It offers a BVI vehicle for non-US investors and a Delaware LP option for US investors.
Jackson Fu, the CEO of Promontory, played a pivotal role as a co-founder of Qilin Investment, a highly successful quant hedge fund manager in Shanghai. Since its inception in 2016, Qilin has overseen assets under management (AUM) ranging from USD $5-7 billion, exhibiting outstanding risk-adjusted performance and earning the moniker 'The DE Shaw of Asia.' The Promontory team comprises key members from Qilin, bringing a wealth of experience in quant systematic trading to the crypto landscape.
The Promontory Alpha Fund has attracted investments from esteemed Asian family offices and billionaire entrepreneurs, bolstering the team's confidence in their approach and capabilities.
Accompanying Jackson at Promontory from Qilin is the Chief Investment Officer, Robin Liu, and a team of top quants and developers. Robin previously managed a USD $100 million (5,000 BTC) quant crypto strategy at Amber Group. With a team of 15 professionals, Promontory boasts talent from reputable firms such as BlackRock, Brevan Howard, Deutsche Bank, Morgan Stanley, OKX, Huobi, Gate, and WorldQuant.
Promontory's strategy leverages advanced quantitative techniques, data science, AI, machine learning, and risk modeling to pinpoint uncorrelated alpha in liquid digital assets. Through diversification across various sub-strategies and factors, the approach achieves robust diversification and multiple sources of alpha. The team has refined its models and algorithms over years to navigate the crypto markets successfully.
The strategy is available in USD, BTC, and ETH share classes, offering separately managed accounts to investors. Jackson emphasized the fund's value proposition in outperforming traditional hedge funds by capitalizing on crypto's volatility and inefficiencies while mitigating underlying asset volatility through structured trading processes and algorithms.
For inquiries about Promontory Technologies and the Promontory Alpha Fund, please contact info@promotechfi.com or visit www.promotechfi.com.
About Promontory Technologies
Promontory Technologies is a leading digital asset management firm dedicated to serving family offices, institutions, and high net worth individuals. The firm provides digital asset exposure, risk management, and diversification through a range of services including a quantitative systematic hedge fund, venture capital, market making, and OTC services.
The team at Promontory comprises seasoned executives with a track record of managing a quantitative hedge fund exceeding US$7 billion in AUM in traditional securities markets, along with 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
