PivotalPath, a technology-driven hedge fund investment consultant, has launched Quality of Performance (PQP), a proprietary quantitative manager rating system across 1,300-plus hedge funds, located on its technology platform, PivotalBase.
PQP systematically transforms existing quantitative insights into intuitive fund ratings presented across the firm’s platform.
The algorithm measures the key qualities of suitable hedge fund manager performance within the context of its peers, ultimately empowering sophisticated clients to identify managers who employ a repeatable application of skilful methods.
The use and application of PQP will enable dynamic fund comparisons and improve clients’ decision-making process.
“‘Quality of Performance’ focuses on the consistency of a manager’s process rather than past returns, creating a bias-free and predictive approach to provide clients with critical information and actionable intelligence,” says Viktor Ula, managing principal of PivotalPath.
“We are proud to announce our new capabilities, and recognise the contributions from Dr. Joshua Vogelstein, a recent appointment to our board of advisers, for helping to leverage big data analytics and machine learning to improve the firm’s proprietary technology capabilities, and further reliable assessments for our clients,” adds Jonathan Caplis (pictured), managing principal.
In addition, PivotalPath has further expanded its breadth and depth of expertise with the recent appointment of Joel Katzman, the former president and CEO of J.P. Morgan Alternative Asset Management, to the board of advisers.
Mark Doherty, director of research of PivotalPath, said: “It is an exciting time for PivotalPath and we are confident that Mr. Katzman’s rich knowledge and professional background will enable the firm to improve investment intelligence and due diligence.”
