Hedge fund manager North Asset Management selects SIGTech's quant platform to launch systematic investment fund
Leading hedge fund manager North Asset Management (North) has selected SIGTech, a provider of next-gen quant technology for global investors, to support the firm’s expansion strategy into systematic investing.
North currently manages seven funds that focus on foreign exchange, macro and fixed income. The firm has identified systematic as a new area for growth.
North Asset Management is an independent alternative asset manager based in London. Founded in July 2002, the firm has a highly experienced, award-winning team with a strong risk management culture, continuously focusing on risk-adjusted returns, and commitment to transparent and detailed reporting to investors.
Building on its strong track record of sustained growth in its existing funds, North was looking to develop new systematic investment strategies. The team was considering whether to build a new in-house platform or partner with a SaaS provider. A key requirement was having a robust backtesting engine with clean data that allowed North to rigorously iterate and test models before launching new strategies. Seamless integration from research to execution was also of paramount importance.
Michael Carras, Head of Research and Development at North Asset Management, says: “In choosing SIGTech’s quant platform as opposed to building our own solutions, we have been able to automate more processes at greater speed. The quality of SIGTech’s proposition and the team’s deep knowledge of quantitative investing has enabled us to develop, test and launch new strategies faster and more efficiently.
“In addition, SIGTech gives us the ability to rapidly onboard new datasets, which was a key factor in our decision making process.”