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Alternative Market Briefing

Cindicator Capital launches digital assets quant fund

Monday, February 03, 2020

Bailey McCann, Opalesque New York:

Cindicator Capital has launched a new multi-strategy fund focused on cryptocurrencies and digital assets. Cindicator relies on a hybrid quantitative approach that combines human predictions with machine learning algorithms. The fund's technology uses prediction data from analysts all over the world that have their calls included in Cindicator's platform. Part of the fund's revenues will be used to reward analysts for correct forecasts in proportion to their intellectual efforts and the quality of indicators based on their predictions.

Yuri Lobyntsev, co-founder & CTO of Cindicator tells Opalesque New Managers that the launch is the result of five years of internal work building the technology, gathering data, and refining the strategy. Cindicator's technology tracks price movements, volume and proprietary trading signals across digital assets that have greater than $10 million in daily volume. Lobyntsev explains that threshold ensures that there is enough liquidity and that the alt coins included in the fund's universe are viable.

"Our strategy offers more diversity than just holding Bitcoin, or holding some of the index-like funds that are heavily weighted toward Bitcoin. The performance there hasn't been as good," Lobyntsev says.

Cindicator Capital's strategy showed stable performance throughout 2019 with an annualized, after-cost PNL of 23.6% in BTC and 190% in USD as of December 2019.

The ......................

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