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Alternative Market Briefing

K1T formally launches quant fund that bets on cyclicality of markets today

Friday, August 01, 2014

amb
Simon Wajcenberg
Benedicte Gravrand, Opalesque Geneva for New Managers:

K1T Capital, a London-based systematic quantitative alternative investment manager founded late last year, is formally launching its new fund today and actively seeking out investors. Actually, it will be two funds: the K1T Capital Quant Master Fund 1 SP, for U.S. investors, and the K1T Capital Quant Feeder Fund 1 SP, which accepts investors from the rest of the world.

The fund launch follows completion of K1T’s live cash beta test, which began on 1st April. Overall (including returns from the various trading systems), the fund returned 0.42% in April, -2.93% in May, 0.01% in June and -0.07% in July.

Based on a six-year hypothetical back tested performance (2008-2013), the fund can expect to return 20% p.a. net on average. The maximum leverage used over that period was 2.5. The fund also invests in highly liquid markets only, and does not demand lock-in or redemption penalty.

The fund currently trades the S&P 500, US listed gold stocks and US listed global ETFs.

Simon Wajcenberg, a veteran tech entrepreneur and the CEO of K1T, sent us the following description of the investment strategy: "We employ a 'Big Data’ approach to discover long term st......................

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