Usually funds try to raise money more aggressively after they have had a good streak. So I’m intrigued when our system detects this:
Maybe Quantflix has become so famous that I’m being offered early access! Just 3 months of results was a little strange but perhaps the fund has only been around for a quarter.
I did some googling to see how this fund started. This fund was launched during Hedgeweek in June 2018, with the co-CEOs “inspired to dive in the quant world by the success from elite managers such as Bridgewater Associates, Renaissance Technologies, Two Sigma and AQR”.
I’m always skeptical when funds try to associate themselves with big-name funds, especially when there’s really no association, such as having worked there before, went to school together, childhood friends, that sort of stuff.
Turns out the fund has been around for a whole year so I click to get the May 2019 newsletter since I’m lazy to go through 11 newsletters. Here are the fund’s returns:
In June 2018, WPT says that “we have developed some power risk filters in our model, we really don’t like losing money.”
In May 2019, WPT says that the fund’s model-driven approach is “aimed at delivering alpha returns under all market conditions.”
Last quarter was challenging for the markets and funds in general, but this year has been pretty ok. To summarize, fund launches with 20M, goes down 20% in a year, tries to raise another 100M from lucky investors who did not invest the first time round.