Outremont Technologies launches crypto fund as investors look to tradfi pros

04/14 01:08

Ian Tousignant’s Outremont Technologies started trading its second fund last month as fundraising continues for its latest venture, as well as the firm’s startup vehicle, according to two sources with knowledge of the matter. Its newest offering runs a so-called smart beta strategy, with limited partners betting they’ll make money in tandem with the market — if bitcoin doubles, their holdings will double. The startup’s flagship vehicle, which launched in January, employs an automated, quantitative strategy that keys in on volatility trades, in keeping with Tousignant and his traders’ backgrounds of making money from spikes and dips in the market.
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