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Save launches hedge fund-driven US savings programme

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Fintech Save has launched a new savings account portfolio built on an ‘absolute return’ strategy favoured by hedge fund managers, that seeks “to generate steady, positive returns in all market environments”.

Save says its Global Multi-Strategy portfolio is the continuation of the brand’s creation a series of dynamic investment portfolios that seek to generate returns by using a variety of investment strategies.

The Global Multi-Strategy portfolio has been designed in partnership with Second Foundation Partners, the manager of a global macro hedge fund that employs Epsilon Theory research to making trading decisions using natural language processing (NLP) analysis of financial news. These trading decisions are implemented via liquid ETFs, seeking to generate returns across market regimes by combining six sub-strategies. 

Each sub-strategy has been built using a quantitative approach which Save says is the culmination of a decade of research and development, and that aims to exploit how financial markets respond to the evolution of themes and patterns, or ‘narratives’, for example, the emergence of concerns about a market bubble. Using both big data and big compute, the strategy generates daily buy-and-sell signals across global assets.

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