Thursday, 26 November 2015
Last updated 8 hours ago
Mar 11 2013 | 9:51am ET
European seeding platform IMQubator has seeded Romanesco Capital's new systematic trading strategy, the Persistence Program.
The value of the seed investment was not revealed.
The Romanesco strategy, which will be available via the Deutsche Bank dbSelect managed investment platform, is diversified across 45 liquid futures markets comprising currencies, bonds, equity indices and commodities that are implemented across the different geographical regions on a 24-hour basis with the help of a proprietary developed automated execution algorithm. The algorithmic models look for break-outs from trading ranges and aim to reduce exposure after spikes in volatility.
Trading models can be long, short or flat in each market.
Said IMQ CEO and founder, Jeroen Tielman, in a statement: “The strategy fits into our portfolio as it is not correlated with equity and adds diversification versus existing IMQ managers. This is the first seed deal where we will apply high definition open line technology to implement a 'virtual co-location,' so that the team can stay where they are. This will not conflict with our basic principle of close guiding and monitoring."
The Netherlands-based Romanesco had one of its best years in 2012 and has averaged more than 14% per annum since 2005.
IMQubator is backed by APG, the asset manager for Dutch pensions giant Stichting Pensioenfonds ABP
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…