Launches & Closures

Galaxy seeks seed investors for new quant vehicle

by

Joe Chan
Joe Chan’s Galaxy Asset Management is on the lookout for potential seed investors for its first quant fund that trades managed futures.

The Galaxy Quantitative Fund, which invests in 15 markets mostly in Asia, had a soft launch in May last year with internal capital of $5 million. It pursues a short-term, intra-day trading strategy that helps it avoid a host of non-manageable trading and market risks.

Chan, founder of Galaxy, says that the nearly one-year-old strategy is now open to outside investors after it successfully tracked positive returns amid the difficult market