Case Study

Background

• Thomas Orbert, CIO of Truepenny, was in the process of setting up the required quant infrastructure to enable launching the firm’s first systematic fund based on allocation algorithms.
• As a startup the team had no legacy infrastructure and was looking to rapidly go to market with its ideas.
• Truepenny wanted to backtest its allocation algos and build pitch books in order to attract investors within a strict timeline.
• It is Truepenny’s ambition to launch two systematic funds: a global macro, and a liquid alternative fund.

Implementation

• SigTech provided the Truepenny team with all necessary data, research tools and a best-in-class backtesting engine.
• As experienced quants and programmers, the team found the platform easy to use and was able to quickly implement existing strategies, as well as test new ideas.
• SigTech’s backtest-ready intraday data and customizable pre-defined strategy templates gave the team a head-start.
• The onboarding process was frictionless and expedited by excellent and proactive communications with the SigTech product and support team.

Results

• Within only a few months Truepenny went from an idea to a fully operating systematic strategy that is ready to trade live.
• With SigTech, Thomas and his team can fully leverage their extensive knowledge of systematic trading and focus on creating new strategies, not data validation or infrastructure buildout.
• As a cloud-hosted service, SigTech was fit for purpose from day one, without the need for time consuming in-house development.
• Showcasing their custom strategies in a responsive and agile way, is well received by potential investors.