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Typhon Capital Management launches quant trading program

Wednesday, June 26, 2019
Opalesque Industry Update - Typhon Capital Management announced today Roberto Vernazza and his Mercurio Quantitative Program have joined the firm. Mr. Vernazza is Typhon's first dedicated Quant portfolio manager under the team of François Moreau, Head of Quantitative Trading, and Cris Doloc, Ph.D., Chief Technology Officer.

The July launch of Mercurio is a strategic addition to Typhon's decade-old modular multi-strategy platform. Mr. Vernazza's methodology has a four-year track-record and will bring Typhon's assets under management to over $100 million.

James Koutoulas, Founder and Chief Executive said, "We're incredibly excited to welcome Roberto aboard whilst expanding into the U.K. Roberto's experience in mid-frequency systematic trading is a robust complement to our current sector specialists in discretionary commodities, systematic derivatives, and crypto."

The Mercurio Quantitative Program trades 60 futures markets across asset classes and is fully systematic, from signal generation to execution, with a portfolio of signals including mean-reversion, trend-following and breakouts. Holding periods range from minutes to 4 days in the program. Typhon is offering 50M of capacity in Mercurio separately managed accounts, with preference given to its existing clients and exchange members, then plans to launch a fund at 1.5x exposure in the fall.

"I am delighted to offer my program to external investors after years of intense work using my own proprietary capital. Joining Typhon will enable me to focus on research and trading, whilst the rest of the crew takes care of everything in the background," Vernazza added. I look forward to meeting some of Typhon's clients at the 1 July Tactical Trading Investor Forum."

"We welcome Roberto and are eager to deploy his fully automated methodology which has delivered high risk-adjusted returns, particularly when markets are volatile. I have interviewed more than 500 systematic traders over the years and Roberto stands out as a no-nonsense trader who brings a wealth of experience of market micro-structure and risk management," said François Moreau.

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