Quantitative Investment Management (QIM), a Virginia-based quantitative trading firm with $1bn in AUM, has appointed Chris Obenshain and Bland Painter as Co-Portfolio Managers of its Quantitative Cipher Program.
The Quantitative Cipher Program, which maintains a trading level of approximately $100m, is a short-term strategy designed to identify top-down market regimes and systematically uncover patterns in price data, utilising hundreds of models that make hourly predictions of market or security direction over the short-term. QIM offers two additional investment strategies: the Quantitative Global Program, a short-term managed futures strategy, and the Quantitative Tactical Aggressive Program, a systematic long-short equity strategy.
Obenshain founded Cipher Capital Management (CCM), an investment firm that traded short-term strategies across multiple futures markets, and later launched the Program in question in 2019. The Program is currently managed by Cipher Investment Management, a newly formed advisor owned by QIM, Obenshain and Painter.
Painter previously served as Co-Portfolio Manager and Lead Developer at CCM, where he was responsible for building, implementing and maintaining systems for research, development and execution of trading systems.
