Markets are not perfectly efficient. We look for lots of temporary inefficiencies and repeatable asymmetric probabilities in price action patterns through systematic allocation to hundreds of unique trading automata designed under independent criteria.
In times of panic, liquidity dries up and certain assets are hard to value. We concentrate operations on the most liquid, highest volume markets. We offer penalty free daily liquidity, and transparent real-time mark to market information.
There is always a panic or a bubble in the making somewhere in the world. We broaden our scope and scale of operations through the use of technology by simultaneously tracking trends and opportunities in as many different markets as possible in an automated systematic fashion.
Models only approximate reality in a rough, probabilistic sense. We reduce risk by allocating capital to uncorrelated trading systems across different markets around the world, and combine strategies designed to work over different time-frames, from seconds to days.
Cognitive and behavioral biases and emotional responses are pervasive and extremely difficult to avoid for most investors. We adhere to an objective programmatic execution approach and rely on machines to avoid emotions like greed, anxiety, fear, and panic in trading.
Markets are dynamic and occasionally unstable. We favor strategies that are designed to benefit from both up and down moves and we are generally agnostic with regards to market direction and value. We avoid long or short-only and can re-optimize often to address market changes.
Our methodology places empirical observation and experience ahead of theories. We derive system prediction, selection, and combination strategies based on data-driven models and analysis, validating hypotheses through rigorous simulation and forward testing.
Market actors evolve and edges and opportunities come and go. We profile and classify market conditions through quantitative indicators and dynamically adjust risk allocation, automata selection, and portfolio construction strategy in alignment with market scenarios.
Market movements do not follow normal distributions. We look for asset classes and try to construct investment strategies that inherently benefit from periods of increased volatility and fat tail asymmetric moves caused by unpredictable or unforeseen events.
Risk modeling and risk control are separate and independent processes. We maintain independent layers of risk controls at the automata level, at the strategy level, at the portfolio modeling level and during execution.
Inflows of capital can have a significant impact on the performance of certain strategies. In order to protect the interests of investors, we monitor slippage and other degradation signals around our strategies and specifically avoid trading complex and illiquid securities, over-the-counter securities, or highly concentrated investment portfolios may give rise to capacity limits.
Partners invested. We participate in the risk, stay clear of lock-up, gate, or side-pocket provisions that prevent redemptions, and can accommodate investments through managed account, securitized vehicles, or fund structures with world class broker partners.
401 N. Wabash Av.
60611 Chicago, IL
23000 Sussex Hwy.
Seaford, DE 19973
Madrid, Spain 28016
Aurora Tower, Unit 2003
PO Box 8293, Marina Promenade