IMQubator and Scout Global to co-seed Romanesco’s Persistence Fund
Dutch alternative investor IMQubator and Australian hedge fund seeder Scout Global Funds are to co-seed the Romanesco Capital Management Persistence Fund, a systematic trading strategy.
Persistence is invested across some 45 markets, including currencies, bonds, equity indices and commodities, that are implemented across different geographical regions on a 24-hour basis using a proprietary algorithm that ensures automated execution.
The algorithm seeks prices breaking out from trading ranges, and aims to reduce exposure after spikes in volatility. The portfolio can be long, short or flat in each market.
Scout tends to invest in strategies with smaller assets under management. Director Oliver Alliker said that exposure to emerging managers could provide investors with added diversification and non-correlation.
IMQubator CEO and founder Jeroen Tielman (pictured) said of the co-seeding: “We welcome this development as another step in our ambition to develop a collaborative, global network with institutional investors and like-minded seeders.”