Paris, May 11, 2020 - Decalia and Alphien are joining forces in order to launch an Alphathon, a competition aimed at building a dynamic long-only allocation strategy between US Treasury bonds, US High Yield bonds and European banking stocks. The three assets have been chosen for their complementarity throughout the economic cycle and in different market regimes.
The competition will be open to any participants with some data science expertise. The prize involved to reward the winner is €18,000, to which will be added “licensing fees” proportional to the assets invested in the winning strategy by Decalia.
As main sponsor of the Alphathon, Decalia has defined the subject of the competition and will elect the winner when the research phase terminates in June 2020. Lyxor Asset Management acts as a co-sponsor and provides candidates with historical price information for the ETFs that can be invested in.
The competition is hosted online on Alphien’s integrated research platform. The fintech provides the technology and tools to easily build data science models and historical analysis on the cloud.
Fabrizio Quirighetti, CIO and Head of Multi-Asset at Decalia, adds: “Consistent with our mission of securing a first-rate performance for our clients based on stringent risk control, we are happy to participate in this open innovation experience and challenge Alphien’s community of researchers. We are convinced that our asset allocation framework has lessons to draw from data science and are looking forward to discovering the ideas that will emerge from the competition”.
Hervé Biancotto, Chief Quant Lab Officer at Alphien, notes: “Opening up quantitative finance research to experts from various disciplines lies at the heart of Alphien’s mission. Our platform facilitates collaborative research and offers all participants a unique and equitable opportunity to provide a scientific solution to an investment problem. We share the innovation DNA of Decalia and Lyxor and thank them for their trust”.
Lyxor has already launched an Alphathon with Alphien in September 2019, with the aim of creating dynamic ETF Lyxor portfolio models to outperform the Stoxx 600 index (dividends reinvested).
Access the Alphathon here.
Press contacts:
Decalia Asset Management
Fabrizio QUIRIGHETTI
Tel.: +41 22 989 89 89
Email: FQu@decaliagroup.com
Alphien
François LEMOINE
Tel.: +33 6 21 20 54 20
Email: francois@alphien.com