The VISION is to leverage technology to develop robust systematic trading programs; with aggregation (as a 'multi-strat' or 'fund-of-funds’) resulting in superior risk management.
The first PRODUCT is the first of the algorithmic-based programs, Midway II. Strategically, it's is a long term investment that exploits the benefits of short term trading. Midway trades U.S. stocks in the long and short directions. Average hold times are less than a week.
Leveraging technology, Midway currently manages, collectively, $3M in 24 separate (client) accounts. Total return (net of fees) for the 15 month life of the program is +26%. No account has lost more than 1.7% on the way to achieving the return objective. Correlation to the S&P 500 is negative (-22%). Midway was the 1st place winner of BattleFin’s “Sharpe Ratio Shootout” International Quant Finance Tournament 4.0, Spring of 2013.