IMQubator Backs Romanesco Systematic Strategy

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

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