Core Allocation

Portfolio of Millennium, WorldQuant, Point72, QRT and others. Founded since 1990, they manage ~US$150 billion of assets across all major asset classes and investment strategies. It offers, possibly the most consistent multi-period performance in the industry.

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Total Return:
5x of initial since 2006

Ann. Return:
~12% since 1990s
~10% for last 3 Years (2025)

Risk:
~5% volatility
7% max. drawdown in 1998

Core Allocation

Quantedge Global Fund is a ~US$5 billion systematic fund with global markets, factor & illiquid risk premia exposures. Founded in 2006, its diversified portfolio consist of ~300 instruments across all major asset classes. It offers, possibly the most diversified portfolio in the industry.

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Total Return:
29x of initial since 2006

Ann. Return:
~19% since 2006
~23% for last 3 Years (2025)

Risk:
~30% volatility
45% max. drawdown in 2008

Satellite Allocation

Quantos Global Fund is an emerging systematic fund with global markets and factor risk premia exposures. Founded in 2021 by the ex-CIO of Quantedge, it offers, possibly the highest portfolio target volatility in the industry for maximum capital efficiency.

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Total Return:
1.3x of initial since 2021.

Ann. Return:
~6% since 2021 (ITD)
~30% for last 3 Years (2025)

Risk:
50% volatility
48% max. drawdown in 2023

Satellite Allocation

Bonds: UST Bills (Direct/IBO1 ETF)

Equities: FTSE All-World (VWRA/VT), S&P500 (CSPX/VOO)

Divestment / Exits:

Prulev Global Macro Fund: A global macro systematic fund (40% vol.) with discretionary event-driven tilt. It offers a unique discretionary overlay which outperformed pure systematic strategies with over 40% ann. return from 2012 to 2020 before experiencing ~80% maximum drawdown in 2021/22. Refer to >Prulev Divestment Note

Gusto (US): Series B-2 (2016-22), 21% IRR, 2.48x Money Multiple

GoTo (Indonesia): Series A (2016-23), 3% IRR, 1.25x Money Multiple

Satellite Allocation (Divested)

Prulev Global Macro Fund is an emerging global macro systematic fund with a discretionary event-driven tilt. Founded in 2012, its diversified portfolio invest across all major liquid asset classes.

It offers a unique discretionary overlay which outperformed systematic strategies with over 40% ann. return from 2012 to 2020.

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Ann. Return: ~20% from 2012 ITD.

Risk: 0-40% volatility, ~80% ongoing max. drawdown.

Diversified basket of multi-strategy hedge funds such as Millennium, Brevan Howard, Point72, Balyasny, Eisler, WorldQuant, Veriton etc.

It offers, possibly the most consistent multi-period performance in the industry.

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Ann. Return: ~11% since 1990s.

Target Risk: ~5% volatility, <10% maximum drawdown.

Allocation: Core holding. Allocations to be confirmed.