AI-driven Rise Wealth Technologies' VSOP up 23.21 per cent in March
RISE Wealth Technologies announces best ever monthly performance for its flagship systematic strategy: Volatility Special Opportunities Program (VSOP)
While major financial markets have dropped, RISE Wealth Technologies, a Munich-based AI investment technology firm, has reported the best ever monthly performance for its flagship Volatility Special Opportunities Program (VSOP) strategy.
Up in March by 23.21 per cent and up by 18.83 per cent for the year, VSOP entails a systematic multi-strategy approach in the S&P 500 index volatility market with a real-money track record dating back to July 2016. Specifically, it is composed of a Balanced Portfolio consisting of S&P 500 futures and treasuries with a duration risk of circa five years. It also trades overlay strategies on situational patterns. With EUR25 million in AUM, the fund has a further EUR500 million allocation planned for June.
Stefan Tittel, CEO and Co-Founder, says: “At a time where larger quant funds are struggling to adapt to chaotic markets disrupted by coronavirus, our strategy’s performance continues to provide robust returns ahead of expectations. AI and machine learning are important components of this by helping in the research and development of the diversified strategies we deploy and ensuring that our trading strategies can operate with faster changing and wider parameters than with purely human involvement. Importantly, the strategy has been assisting anxious investors through the provision of downside protection. That said, it is worth noting that it is also able to provide alpha in normal market conditions, and not just during times of extreme dislocation as we’re currently experiencing.”