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Old Park Capital launches SI8 Strategy

Tuesday, December 01, 2015
Opalesque Industry Update - Old Park Capital, the London-based specialist CTA announced that a new trading team has joined the firm to launch the SI8 strategy from December 1st. The SI8 strategy is a systematic trading model that generates uncorrelated high risk adjusted returns from daily volatility of markets and trades equities, rates, FX and commodities. The strategy is run by Shin Ikoshi and Paul Condon who have been running the strategy since October 2014.

Mr Ikoshi has over 20 years’ capital markets experience, specialising in trading exchanged listed futures and options working for Mizuho Bank, UBS AG, Daiwa SMBC Capital and the Singapore based credit fund, Opus Europe.

The SI8 Strategy thrives on volatility and is highly adaptable to changing market conditions. This strategy is based on the axiom that the markets display a large degree of randomness and are fundamentally inefficient. At the core, this strategy is based on the hypothesis that while markets can express directional biases in the long term, their price actions are essentially random in the short term. Despite these erratic price movements, there is one constant: markets continuously expand and contract in terms of volatility. This strategy generates profits by anticipating expansions and contractions.

The strategy has returned +10.45% since launch in October 2014 and +6.54% YTD in 2015.

Bruno Pannetier, CIO of Old Park Capital said, 'We are delighted that Shin and his team have decided to join Old Park Capital. We are constantly on the lookout for the most talented fund managers who will fit into the OPC stable. In SI8 we have found a talented team and a specialist CTA that is uncorrelated to our other investment strategies. SI8 has also performed strongly during very challenging period for CTA strategies. With more volatility on the horizon for markets in 2016, SI8 is exactly the kind of strategy that investors will be looking for to protect themselves from poor performance from traditional asset classes.’

Old Park Capital runs its flagship Maestro strategy and Confluence strategy and the firm plans to build a stable of uncorrelated systematic basket of systematic portfolios.

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