Premier quantitate-based investment firm — Goldsky Asset Management recently announced that the company is celebrating major growth and significant accolades. Not only is the Goldsky team managing more capital than it ever has with its sights set on even more, but they’ve also been named a finalist in the 2017 HFM Asia Hedge Fund Performance Awards, an event which regularly recognizes and rewards hedge funds and funds of hedge funds that have outperformed their peers over the past 12 months.
“Tracking Twitter feeds and other social media posts to gauge how investing sentiment is changing from one moment to the next has paid off handsomely for the Goldsky Global Alpha Fund. The long/short equity strategy run by Kenneth Grace, our chief investment officer selects stocks to trade based on how investing sentiment swings around them. It has clocked up a healthy 13.87% gain in the first seven months of the year, on top of impressive returns of 23.76% in 2016 and 14.67% in 2015. As a result, the fund at the end of July was managing at least $105 million in capital, less than three years since its launch in February 2015,” said Jack Bow of Goldsky Asset Management.
It is because of such tremendous growth in such a short period of time that Goldsky asset management was recently named a finalist in the HFM Asia Hedge Fund Performance Awards. The firm has received awards nominations in the categories of Best Newcomer Under $200 million and Best Quant Fund.
"Being named a finalist in the HFM Asia Hedge Fund Awards has been an enormously pleasing recognition of what we have achieved," said Goldsky founder and managing director Ken Grace. "It's all the more gratifying because we've done it by growing this fund organically since inception in 2015."
Since then, the $105 million Goldsky Alpha Global Fund has returned 19.58 percent compound annual return - well ahead of the 12.66 percent return by the benchmark MSCI AC World Net index over the same period. The nominations coincided with plans by Goldsky to almost double funds under management to $200 million and take advantage of prime market conditions for its quantitative strategy.
Bow went on to say, “We’re focused on growth as we move swiftly toward the future, and there’s no doubt that our unique strategy will continue to produce remarkable investment Returns.”
About Goldsky Asset Management:
Goldsky Asset Management is a quantitate-based investment firm specialising in global equities. Goldsky consistently outperforms market benchmarks by employing a quantitative investment approach with a focus on behaviour analysis and Big Data. Their firm is built on fundamental investment and cultural principles that they believe fuel their competitive advantages.
Goldsky’s research approach is industry leading, and their process of mathematical analysing historic securities data combined with real time Behavioural analysis is unique. It is this process that gives their investment the edge in a constantly fluctuating world market. Their research method employs proprietary computer assisted fundamental, technical and behavioural analyses of securities and derivatives. With this information, they can accurately predict fluctuations and determine potential price movements of individual equities and the broader markets. The goal of their research is to determine the turning points of individual stocks, market sectors and broad-based indices.
Name: jack bow
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Organization: Goldsky Asset Management
Address: 375 Park Avenue, Suite 2607 New York, New York 10152
Release ID: 252917