Iconic Quant Solutions Launches Actively Managed Crypto Platform
Posted by Colin Lambert. Last updated: July 27, 2022
Investment manager Iconic Holdings has launched an actively managed crypto investment platform, Iconic Alpha, having recently acquired a quantitative solutions team from Napoleon Group.
The Alpha team, comprising of senior executives Damien Moser, Marc des Ligneris and Alexandre Coutouly (CEO, CIO and CTO of the newly launched platform, respectively), will lead the deployment of quantitative crypto investment strategies and provide tailor-made, investable solutions for institutional and qualified professional investors, the firm says.
Iconic adds the team draws on over 50 years of collective experience trading and managing portfolios for investment banks and previously deployed algorithmic trading models for crypto assets in prior roles. It has extensive experience in traditional capital markets with a broad set of alpha-seeking investment strategies it has adapted to crypto assets. “Many of the strategies seek to exploit crypto’s notorious volatility, while simultaneously limiting drawdown in its investments,” Iconic states.
The new programme will offer investors a range of algorithmic strategies, including the currently available Absolute Return and Smart Beta strategies, allowing them to target the appropriate level of risk-adjusted returns for their needs. The trading infrastructure leverages internally developed algorithms. Separately managed accounts are currently available for qualified investors, subject to jurisdictional limitations, with the first formal investment products expected to be launched in Q3.
“Iconic has established itself as one of Europe’s leading crypto asset managers by offering passively managed ETPs and index funds to investors,” says Patrick Lowry, CEO of Iconic. “We are excited to expand our investment product offering to include Iconic Alpha’s quantitative strategies, which will be accessible to qualified investors via SMAs and soon-to-be-launched hedge funds on Iconic’s multi-manager platform. Iconic Alpha presents a unique addition to Iconic’s suite of crypto investment strategies.”
Moser adds, “We believe that a systematic approach to investing in crypto assets will generate attractive and persistent returns, relative to traditional discretionary management. We look forward to unveiling our strategies and the launch of new financial products.”