Three finalists have been selected for the bitcoin Alpha competition, a collaborative campaign to find the next bitcoin fund manager. The manager with the most promising approach to generating alpha in the bitcoin market will receive $1 million in seed money and will be announced on the main stage of the bitcoin Conference in Amsterdam on Friday, October 13 Samara Alfa Management.
Samara Alpha Management and bitcoin PRO Magazine reviewed over 150 applications from traditional finance and digital asset fund managers, and selected the following finalists: Andrey Aakelyan (Theta Digital), Jaron Abbott (Armor Strategy) and Maximilian Pace (Animus Technologies). Of these three, one winner will walk away with $1 million in seed funding, as well as all the operational infrastructure necessary to launch and execute their fund strategy, thanks to the generous support of Samara Alpha Management and its unique seed capital platform.
Below you will find information on each of the finalists’ fund strategies:
Andrey Arakelyan – Digital Theta
Theta Digital focuses on taking discretionary long or short positions in bitcoin futures on different time scales to achieve incremental btc-denominated alpha preserved through systematic risk management.
Jaron Abbott – Armor strategies
The Armor strategy uses a portfolio of indicators to quantitatively describe and measure the psychological behavior of panic selling in its early stages. Signals are aggregated and translated to predict and extract alpha from impending price movements.
maximilian rhythm – Animus Technologies
Animus Technologies is an artificial intelligence platform designed to develop data-driven trading strategies for cryptocurrencies. The result, developed over the past six years, is a systematic solution to reduce market volatility and improve investor returns across market cycles.
bitcoin Magazine spoke with Roy TseChief Risk Officer at Samara Alpha Management, for his views on the competition and why Samara Alpha Management has taken such a decisive step into the bitcoin ecosystem:
“We believe we can find interesting managers who are really adding value to the bitcoin space. In Samara, many of us believe in the power of bitcoin and what it can do for the world.
Every day we hear tons of great investment ideas and strategies. Given the current regulatory environment and the dislocation of exchanges and markets, this is why many of these market opportunities arise., similar to the early days of other traditional financial businesses we’ve seen, such as mortgage-backed trading and CLOs. Every time a new industry emerges, there is a chance for new financial strategies to be successful. But to take advantage of that, the difficulty lies in the environment to establish the necessary infrastructure in such a new market, such as bitcoin and digital assets.
We are bitcoin maximalists, we want to increase adoption. If people can’t get into the market because of things like setting up their fund or not knowing who to call, those are the pressure points we want to alleviate.
That’s why we created the Samara planting platform, which is essentially a fund in a box. We give a manager the ability to come up with a great idea and subscribe to a complete technology platform with all the different disciplines needed to establish a bitcoin investment management company. It has fund manager connectivity with data coming from pre-existing exchanges, accounts and exchange partners, full risk management features with analytics, calculations and customization, liquidity management features, etc.
The million dollar prize for the bitcoin Alpha competition is very exciting for us, but the real excitement we have is for the seeding platform: “We can provide this functionality to fund managers with great strategies and help them bring their ideas to life with the push of a button.”
With the coronation of the winner of the bitcoin Alpha Competition at bitcoin Amsterdam fast approaching, stay tuned for the announcement on Friday, October 13 of who will take home the $1 million prize, as well as full access to the Samara fund management platform .
For media inquiries and additional information about the competition, please contact: [email protected]
