|OPIM & Legend Arb to Launch First Iron Ore Quant Fund||
Hong Kong, May 15, 2017 – OP Investment Management Ltd. (“OPIM”), a leading player in the asset management industry, has partnered with Legend Arb Asset Management Ltd to launch its first commodities focused, Cayman-domiciled hedge fund for professional investors.
Legend Arb CT Equity Fund’s objective is to generate stable returns with lower volatility by deploying a long-short strategy focusing on iron ore plus a market neutral strategy, both trading in equities and futures. Strategies which rely on quantitative analyses and algorithmic processes will be implemented to explore price dynamics and trading opportunities within the iron ore sector. The market neutral strategy will use statistical arbitrage approach to invest in large-cap equities, consisting of A and H shares in Hong Kong. The fund is expected to launch in Q2, 2017.
The founder, Kace Lam, has been working on building the first set of quant strategies for more than 10 years, while managing proprietary capital.