GTS acquires stake in systematic investment firm Wavelength Capital Management
GTS, an electronic market maker across global financial instruments, has acquired an ownership stake in Wavelength Capital Management, a New York-based systematic investment firm.
Wavelength was founded five years ago as an independent investment management firm specialising in liquid, transparent, and cost-effective investment solutions designed to protect assets and produce consistent returns in any economic environment. The firm invests using a systematic, research-driven approach that applies quantitative tools to process fundamental economic and market information. Wavelength’s flagship fixed income mutual fund, the Wavelength Interest Rate Neutral Fund (WAVLX), seeks to generate consistent returns in any interest rate environment using systematic factors and has been recognised for its outperformance, winning Hedgeweek’s Best Liquid Alternatives ’40 Act Fund each of the past two years.
GTS is a global electronic market maker that combines market expertise with innovative, proprietary technology. As a quantitative trading firm continually building for the future, GTS leverages the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s financial markets.
“This transaction is a marriage of quant investing with quant trading,” says Ari Rubenstein (pictured), co-founder and CEO of GTS. “This is another significant milestone in GTS’ mission to deliver Wall Street’s most sophisticated technology to Main Street investors.”
Andrew Dassori, co-founder and chief investment officer of Wavelength, says, “Markets are hungry for innovation and accessing new data through technology will be essential to capturing opportunities on the horizon. We couldn’t ask for a better, more like-minded partner in GTS, whose platform and infrastructure are second to none when it comes to a foundation for the next generation of investing.”
Mark Landis, co-founder of Wavelength, says “We are extremely excited about the growth opportunities for our business as we continue to build upon the successful quantitative fixed-income strategy we pioneered through decades of analysis. Our partnership with GTS fits seamlessly with our core values and provides Wavelength with market-leading resources, scale, and data to continue to build on our long track record of expertise in systematic fixed income and enhance long-term value for our clients and employees.”
Landis and Dassori founded Wavelength in 2013, after extensive experience in the asset management industry. Landis has more than 30 years of executive and investment industry experience having had lead roles in Fixed Income, commodity and currency market research, structuring and trading at Societe Générale, a Julian Robertson “Tiger Cub”, and Credit Suisse. Dassori was previously a portfolio manager at Credit Suisse Asset Management, where he managed commingled global macro strategy portfolios and was a member of the firm’s Global Citizens Program.
GTS has an extensive track record developing and deploying proprietary, industry-best technology to bring better price discovery, trade execution and transparency to the markets through the use of quantitative, algorithmic, and next generation artificial intelligence applications.
Suhas Gupta, head of quantitative strategies at GTS, says, “GTS responsibly uses technology to deliver positive benefits to the financial ecosystem. Wavelength is a perfect fit for us as GTS expands the field of market participants who can realise the benefits of innovation.”
Past performance is not a guarantee of future results, which will vary. There is no assurance that investment objectives will be met. The portfolio risk management process includes an effort to monitor and manage risk but should not be confused with and does not imply low risk. As with all investments, there is the risk of loss.