Promontory Technologies is officially set up for external and limited partnership investors.
Road Town, British Virgin Islands, June 25, 2024, Chainwire
Promontory Technologies Promontory Technologies is thrilled to introduce its Promontory Alpha Fund, which takes a systematic, quantitative, and multi-faceted approach to trading in liquid listed digital (or 'crypto') assets. This innovative fund aims to maintain a neutral stance towards the market and minimize potential losses, offering an investment vehicle in the British Virgin Islands for non-U.S. backers and a Delaware LP for those in the U.S.
At the helm of Promontory is CEO Jackson Fu, a founding member of the acclaimed Qilin Investment, a premier quantitative hedge fund situated in Shanghai. Since its birth in 2016, Qilin has overseen an asset management portfolio fluctuating between USD $5-7 billion, consistently delivering outstanding risk-adjusted returns, earning it the title 'the DE Shaw of Asia'. The Promontory team is fortified by several key players from Qilin, lending a wealth of expertise in quantitative systematic trading to the cryptocurrency realm.
Interestingly, the fund has already garnered interest from prominent Asian family offices and billionaire entrepreneurs, which suggests strong faith in Promontory’s strategy and team’s capabilities.
Joining Jackson at Promontory from Qilin is Robin Liu, the Chief Investment Officer, along with a select group of top-tier quants and developers. Robin had previously managed a quantitative strategy in the crypto sphere valued at USD $100 million (5,000 BTC) at Amber Group. The team at Promontory now consists of 15 talented individuals, featuring seasoned professionals from big names like BlackRock, Brevan Howard, Deutsche Bank, Morgan Stanley, OKX, Huobi, Gate, and WorldQuant.
Promontory employs cutting-edge quantitative methods, data analysis, AI, machine learning, and risk assessment to uncover unique alpha opportunities in liquid digital assets. By effectively distributing capital and risk across a diverse array of sub-strategies and influencing factors, they ensure robust diversification and numerous alpha sources. Over the years, the team has fine-tuned their models and algorithms, enabling successful trades in the crypto market.
Jackson expressed, 'We are elated to roll out our external co-mingled fund. What sets us apart is our ability to outperform conventional hedge funds by leveraging the volatility and inefficiencies inherent in crypto, all while steering clear of the drastic swings and declines typical of digital currencies through meticulous and repeatable trading methodologies and algorithms.'
The fund offers share classes in USD, BTC, and ETH, along with the option for separately managed accounts.
To learn more about Promontory Technologies and their Promontory Alpha Fund, feel free to reach out. www.promotechfi.com and their LinkedIn company page.
About Promontory Technologies
Promontory Technologies Promontory stands out as a leading digital asset management firm, catering to family offices, institutional investors, and high-net-worth individuals. They provide exposure to digital assets, robust risk management, and diversification through a quantitative hedge fund model, venture capital investments, market-making, and over-the-counter services.
The firm is driven by an experienced executive team that has successfully guided a quantitative hedge fund managing over USD $7 billion in assets within traditional markets, as well as a crypto quantitative hedge fund managing upwards of USD $200 million.
Contacts
Investor Relations Director
Charles Man
Investor Relations Director
David Scicolone
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