K1T Capital Launches Maiden Quant Fund

Aug 4 2014 | 8:56am ET

London-based quant K1T Capital officially launched its first fund, a master-feeder structure, on August 1.

The K1T Capital Quant Master Fund 1 SP will accept U.S investors while the K1T Capital Quant Feeder Fund 1 SP accepts investors from the rest of the world.

Founded by CEO Simon Wajcenberg and CIO Ben Heaton in 2013, K1T employs an automated trading system that is actually eight separate systems (one of which is still in development).

“They all have the same algorithm,” Heaton told FINalternatives in an earlier interview, “but different parameter optimizations.”

Wajcenberg told FINalternatives that the fund, which back-tests indicate would have returned 20% from 2008 to 2013, is “fully optimized and looking forward to a strong performance.”

The strategy employs limited leverage—the maximum over the six-year test period was 150%, invests only in highly liquid markets and imposes no lock-in or redemption penalty (funds can be withdrawn on 10 days' notice prior to the end-of-month redemption date).

The fund currently trades the S&P 500, U.S gold stocks and global ETFs. Wajcenberg said that, excluding puts, K1T made 65 bps between April and June 2014.

K1T's minimum investment is $100,000.


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