New Managers
August 2015
FUND PROFILES: K1T Capital, Logica CapitalLondon quant shop launches new improved strategy Simon Wajcenberg Simon Wajcenberg, CEO of K1T Capital Ltd, a systematic quant based hedge fund asset manager based in London and founded in late 2013, said the firm had launched an improved investment strategy, TS18, which began live trading on 21st July. The new strategy is for the fund K1T was planning on launching last summer, K1T Capital Quant Fund. K1T optimised and improved the technology and thereby the trading strategy, Wajcenberg told Opalesque. The new strategy, TS18, trades the S&P 500 and S&P400, whereas the old strategy only traded the S&P 500, he explained. The Sharpe ratio was also improved from 2.0 to 2.5. "The new strategy is also hedged, which obviously reduces risk and is a factor in the higher Sharpe ratio," he said. Based on a 17-year hypothetical back tested performance (1998-2014), TS18 annualized almost 28% (gross). It is fully hedged, uses low leverage and only invests in highly liquid markets. The fund is open to new investments. Benedicte Gravrand Logica Capital launches combined strategy Lionel Tapiero Logica Capital Advisers, a Los Angeles-based asset manager formed in 2011, has combined a long/short momentum Fund, which had good upside capture but too much downside volatility, with a multi-strategy account, which had low volatility but low return, to create a new fund. "Late last year, we had an epiphany when realizing that we should combine the two and get the &qu...................... To view our full article please login
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