Wealth & Finance International - 2022 FinTech Awards 29 APR2w2 Jesse Proudman knows a good idea when he sees it. As a serial entrepreneur, he has bounced from idea to idea, learning new concepts and building up a truly impressive network. The story of Strix Leviathan begins with a desire to trade crypto fulltime. What Jesse discovered, however, was a severe lack of institutional grade tools with which to do this. He put his significant engineering skills to use and built a system that underpins how Strix Leviathan operates today. Whilst the software was good, there were few buyers and the business soon shifted to focus on asset management. Having raised capital from friends and family, he, his co-founder Sadie Raney, and their CIO, Nico Cordeiro, were able to begin trading in early 2018 as the Nest Fund. Together, they formed the thesis that digital assets would essentially trade like commodities. The team drew on fifty years of academic and practitioner research to build innovative algorithmic trading systems that include trend following and cross-sectional momentum. Since its inception, the Nest Fund has traded the top 20 liquid digital assets aiming to compound Cryptocurrency has transformed the way in which many do business, but serial entrepreneur Jesse Proudman could see a gap in the market. Built on the idea that digital assets could be traded like commodities, he and his team have achieved breath-success. In Wealth and Finance International’s FinTech Awards 2022, the team have been recognised for their efforts. We take a closer look to find out more. investor capital over complete market cycles. This brings better risk-adjusted returns than a buy and hold approach. Having opened its door a little over four years, it’s remarkable that the Fund has since been able to return 181%, deliver a Sortino Ratio of 2.8 and volatility that is less than half of a buy and hold index. A second fund was launched at the start of July, called the Aurora Fund. This market neutral DeFi yield fund is targeting 20-30% returns and calls on the expertise of Portfolio Manager Even Morris who had been running a similar strategy with his former business partner. He managed to return an impressive 46% last year, with the worst month up 1% and the best month up 7%. The innovative mindset behind Strix Leviathan has meant implementing sophisticated, yet robust software at the heart of the organisation. Because it has been collecting data from exchanges and OTC desks for the last five years, there is a massive amount of data that can be used to test new strategies and signals. The system is also specifically designed to move from testing to live Most Innovative Crypto Hedge Fund 2022 - North America May22660 trading strategies as and when required. Now over four years into operation, Strix Leviathan has found its track record the most appealing aspect to any potential investors. When combined with proprietary software systems such as data ingestion and normalisation tools, order management system, portfolio management system and trade execution system, they easily stand apart from the competition. The overall aim of Strix is to continue along the development lines that have made them into the quintessential one-stop asset management shop for institutional investors’ crypto needs. With new funds and strategies on the horizon, it’s clear that this is a team that is not slowing down any time soon. Not only do they stand at the forefront of an exciting industry, they set the standard for those yet to come. Company: Strix Leviathan Name: Sadie Raney, CEO Email: [email protected] Web Address: www.StrixLeviathan.com
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