Bezant Technologies Closes Seed Financing to Expand Its Use of Machine Learning to Generate Uncorrelated Alpha by Trading Crypto Markets
Nov 16, 2022
Bezant Technologies generates high, risk-adjusted returns that are uncorrelated with traditional portfolio components by using multiple proprietary Machine Learning (ML) models to trade digital assets long and short over a short duration.
Bezant Technologies recently closed a seed financing to accelerate the development of its platform. The capital will be used for research & development to expand the number of models and digital assets traded and to continue its build of an institutional-grade trading operation.
Nicolas Kseib, Managing Partner of Bezant, sees the potential to lead a new sub-sector in the asset management industry. "Machine Learning is a new investment paradigm that will present the opportunity for allocators of capital to invest in new uncorrelated and performant products." Stephen Parlett, CIO of Bezant and former Partner and Portfolio Manager at Citadel sees parallels between the Bezant alpha engine and successful, research-driven strategies that gain a trading edge in liquid markets on a long-short basis. "Our ML-based technology platform is scalable and agile, allowing us to adapt to a rapidly changing digital assets market and uncover new research ideas, giving us confidence that the fund's high risk adjusted returns are sustainable."
Digital assets are volatile yet highly liquid and trade globally on a 24/7 basis. There is an expansive amount of high-frequency data attached to the trading of these assets that can be collected from exchanges and public blockchains. Machine Learning technology when applied and consistently updated can uncover short-term pricing inefficiencies. By trading these assets both long and short and realizing hundreds of trades per month, Bezant produces investment returns that are uncorrelated not only to the underlying traded digital assets but also to other major asset classes. To continuously deliver high performance and excellence, Bezant Technologies has built a team with complementary expertise across Machine Learning, Technology, Alpha Generation, Risk Management and Operations.
To learn more about Bezant Technologies, visit bezanttech.com.
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Original Source: Bezant Technologies Closes Seed Financing to Expand Its Use of Machine Learning to Generate Uncorrelated Alpha by Trading Crypto Markets
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