Mon, Apr 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Very small CTA averages 6.90% per month since April’14 inception

Friday, February 20, 2015

amb
Andrew S. Peskin
Benedicte Gravrand, Opalesque Geneva for New Managers:

There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is based in Richmond, VA, manages a CTA called Omniversal. He started trading when he was in college in 1990 and continued through 1999 with family and friends’ money, and later with some institutional money. As he felt there were some systematic problems with quantitative technical systematic trading, he returned the money to investors and took a sabbatical to do some research – which he did until 2003, when he came up with a quantitative model that understood well enough the market place’s behavior. He then formed a company that sold high probability forecasts of future price activity, based on the new model, to institutions and banks. He lost many of his clients after 2008. But then he decided to systematize the model into a trading one.

"I also spent the time writing software for back office, middle office, order management, things of that nature to support a trading operation," he told Opalesque. "Then worked with legal and compliance to put together a fund and then started trading in April of 2014."

The biggest problem facing systematic quantitative traders is that the financial markets are non-stationary - that is, over time the underlying rule structure of the market......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1