When the Market Maker Becomes the Market

The most sophisticated trading firms in the world built their reputations on precision, discipline, and managing risk down to the millisecond. So when India's securities regulator freezes over half a billion dollars and accuses one of ...
4 min read

Dr. Michael Bull appointed as Senior Advisor

We are pleased to announce the appointment of Dr. Michael Bull as Senior Advisor to Resonanz Capital. With over 35 years of experience in global markets, macroeconomics, quantitative strategies, derivatives, and multi-asset portfolio ...
2 min read

Does Hedge Fund Manager Pedigree Really Matter?

In our previous post—Hedge Fund Crystal Ball: Can We Really Predict Future Performance?—we looked at the usual suspects investors reach for when trying to forecast hedge fund returns. One term that kept popping up—and that deserves a ...
5 min read

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Beyond the Backtest: Critical Operational Questions for QIS Allocators

Bank-sponsored Quantitative Investment Strategies (QIS) are increasingly prominent in institutional portfolios. Whether designed to capture style premia, replicate hedge fund strategies within UCITS structures, or offer tailored overlays, ...
4 min read

Why Track Records Matter (and What They Actually Tell You)

When we evaluate past performance, we’re doing more than flipping through history. We’re trying to answer: how likely is it that this return pattern reflects genuine skill—rather than luck or beta exposure? This is where statistics becomes ...
6 min read

The Great Alpha Migration: How Passive Investing Redrew the Map

Once upon a time, alpha was everywhere It appeared in small caps, unloved cyclicals, illiquid bonds, or mispriced convertibles. A sharp analyst and a contrarian view could go a long way. Active managers charged premium fees for uncovering ...
7 min read

Resonanz Capital Launches First UCITS Liquid Alternatives Fund with Open-Architecture QIS and Multi-Strategy Design

Resonanz Capital today announced the launch of the Resonanz Jazz Multi-Strategy Fund (“Jazz”), an innovative UCITS-compliant Liquid Alternatives solution that blends quantitative investment strategies (QIS) with the expertise of leading ...
4 min read

Public-Private Convergence: What Investors Need to Know

For decades, the public and private markets were distinct arenas. Public markets were all about liquidity, transparency, and daily pricing. Private markets offered access to longer-term, illiquid opportunities in exchange for potentially ...
5 min read

Bridging the Gap: Comparing Public and Private Market Investment Performance

In today's investment landscape, the lines between public and private markets are becoming less defined. As companies and investment vehicles move more freely between these two realms, it's critical for investors to have reliable methods ...
5 min read

Hedge Funds, Repos, and the Hidden Plumbing of Leverage

You’ve probably come across headlines like “Fed Eyes Hedge Fund Leverage” or “Regulators Target Repo Market Risks.” These stories point to a broader question: What exactly are hedge funds doing with repurchase agreements (repos), and why ...
7 min read
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