Annexe Fund VCC - Systematic Alpha
Point Hope manages the Annexe Fund VCC, a quantitative multi-strategy hedge fund that is purely systematic and aims to be fully liquid as well as genuinely uncorrelated to any asset class.
The Annexe Fund is a constructed portfolio of opportunistic, systematic strategies that exploit market structure and dynamics, each gained through academic research and our experience in the market. The strategies capture micro opportunities that fall under the radar of most other investors.
This is a capacity-constrained fund and expects to generate consistent returns in a low volatility profile. The fund targets high risk-adjusted returns and high Sharpe ratios.
Despite its drawbacks and prior failures, quant technology is on the rise and disruption by A.I. and M.L. across financial markets is all but inevitable
The large majority of investors, ourselves included, cannot repeatedly identify assets that will outperform the market over a long period of time, nor can we accurately time market cycles. We believe that as a strategy, the key to longevity is taking a systematic approach to investing in niche opportunities
Performance correlation between assets is non-stationary and changes over time. Investors chase genuine non-correlation to reduce portfolio risk
We can run Asia-based quantitative strategies to greater success because there is less capital chasing the same inefficiencies as us
The right talent needed to run a winning quant fund is exceedingly rare, especially in Asia where it is still an emerging sub-industry within fund management