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Old Park Capital launches SI8 Strategy

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A new trading team has joined London-based specialist CTO Old Park Capital to launch the SI8 strategy from 1 December.

According to the firm, 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, and has been run by Shin Ikoshi and Paul Condon since October 2014.
 
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.
 
Old Park says that the SI8 Strategy thrives on volatility and is highly adaptable to changing market conditions. It 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 per cent since launch in October 2014 and +6.54 per cent YTD in 2015.
 
Bruno Pannetier (pictured), CIO of Old Park Capital, says: '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 strategies in order to offer investors a unique basket of systematic portfolios. 

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