Brisbane-based emerging manager WPT has just launched its first flagship fund, WPT Alpha Fund a purely quantitative long/short equity fund with the objective of achieving an absolute return uncorrelated to the S&P 500 index.
The model-driven approach is designed to utilise the momentum effect of securities, this strategy is focused on delivering alpha to all investment partners and outperforming under all market conditions in 2017 that strategy would have delivered 14 per cent net return with a Sharpe ratio of 2.74 and a max drawdown of 2.6 per cent with one billion dollars in the fund.
“We were initially inspired to dive in the quant world by the wave of success from elite managers such as Bridgwater Associates, Renaissance Technologies, Two Sigma and AQR,” says Vidal Wills, Co-CEO of WPT.
“Now after thousands of backtests and years of learning then refining our investment philosophy WPT is pleased to open the doors to global investment partners ready for next decade of market conditions. We have developed some powerful risk filters in our model, we really don’t like losing money,” says Gagan Chahal, Co-CEO of WPT.
