Hedge Invest launches systematic quantitative fund

Italy’s alternative investments manager Hedge Invest SGR has launched the HI QuantWave, an Ucits systematic quantitative fund with daily liquidity.

The HI QuantWave, a multi asset multi-strategy, aims at generating alpha regardless of market conditions, through an innovative proprietary system of artificial intelligence (AI), based also on the analysis of Big Data, coming from sources like Twitter too.

The strategy – with an annual performance target of 10-15% net of fees and a volatility target of 10-12% – simulates the job of hundreds of traders, each with a specific investment style and asset class focus, by allocating capital in an ideal manner, basing not only on “traditional” data, but also on the so-called non-structured information – all those data that do not coincide with a number, such as textual data (sourced from Twitter or from other real-time information providers) or satellite images. This information is converted into sentiment indicators, in order to gather those little nuances of the market that are as relevant as prices and macroeconomic information.

HI QuantWave is managed by Marco Jean Aboav and Alessandro Barison from Numen Capital on behalf of Hedge Invest. Aboav and Barison are colleagues at Numen Capital, an alternative asset management company that also holds the mandates of two more strategies of Hedge Invest: HI Numen Credit Fund (a long/short multi-strategy credit strategy) and HI Bear Rates Fund (a strategy specialised on going structurally short on fixed income).

Marco Jean Aboav, co-fund manager of the HI QuantWave Fund, said: “The market of systematic and quantitative strategies is crowded and competitive. Therefore, we are particularly proud to launch a really unique strategy, which leverages on several sources of alpha and natively incorporates an innovative system of Artificial Intelligence that relies also on non-structured data such as Twitter, in order to identify short to medium term trading opportunities. Unlike traditional systematic black box funds, our fund is easy to understand. Investors will have the chance to appreciate through our newsletter a very intuitive and innovative approach when presenting the results of a systematic multi-asset sophisticated strategy.”

Alessandra Manuli, CEO of Hedge Invest SGR, added: “Financial markets change constantly, and so does the world where our investment strategies act: trends such as Big Data and Artificial Intelligence are a reality. Thanks to our history as alternative investors and our vision always oriented towards the future, it was natural for us to work aiming at offering investors a sophisticated and innovative strategy such as HI QuantWave, further broadening our Ucits platform on markets segments where we are truly able to add value.”

Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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