North currently manages seven funds that focus on foreign exchange, macro and fixed income. The firm has identified systematic as a new area for growth.
North Asset Management is an independent alternative asset manager based in London. Founded in July 2002, the firm has a highly experienced, award-winning team with a strong risk management culture, continuously focusing on risk-adjusted returns, and commitment to transparent and detailed reporting to investors.
Building on its strong track record of sustained growth in its existing funds, North was looking to develop new systematic investment strategies. The team was considering whether to build a new in-house platform or partner with a SaaS provider. A key requirement was having a robust backtesting engine with clean data that allowed North to rigorously iterate and test models before launching new strategies. Seamless integration from research to execution was also of paramount importance.
Michael Carras, Head of Research and Development at North Asset Management, said: “In choosing SigTech’s quant platform as opposed to building our own solutions, we have been able to automate more processes at greater speed. The quality of SigTech’s proposition and the team’s deep knowledge of quantitative investing has enabled us to develop, test and launch new strategies faster and more efficiently.
“In addition, SigTech gives us the ability to rapidly onboard new datasets, which was a key factor in our decision making process.”
Bin Ren, Founder and CEO of SigTech, said: “North is a highly respected and market-leading hedge fund that has won a number of awards and accolades for its stellar performance. The decision to deploy our technologies is a huge endorsement for our proposition and we’re thrilled to be working with the team to empower its growth ambitions.
“We expect to see an influx of investment managers with macro strategies looking to diversify into systematic investing, over the next two years. Our technology is the ideal solution to facilitate these expansion plans.“