Our clients trust us

We help professional investors access, control, and clarify alternative strategies. Built by allocators. We compress decision time with evidence, transparent process, and audit-ready materials you can share. Governance. Traceable decisions.

10,000+

Investment products tracked

2,000+

Investment reports produced

15+ years

Allocator experience on average

Access

Coverage across hedge funds, liquid alternatives, and QIS

Trusted

By leading public and private organizations

BaFin-regulated

by the German financial services authority

How we got started

We are allocators and technologists. In 2019, we founded Resonanz Capital to solve three investor needs in alternatives: access, control, and clarity. We paired advisory discipline with software so analysis and decisions are visible and shareable.

Today we deliver through three instruments: Jazz (multistrategy UCITS), Symphony (advisory), and Ensemble(software). One system. Built by allocators. Designed for governance.

Our mission

Help investment teams overcome the complexity of alternative markets. Provide institutional-grade access. Build governance into every step. Document the reasoning and share the evidence so decisions are traceable.

What our names mean

About the name “Resonanz Capital”

“Resonanz” is German for “resonance.” It signals lasting impact—and our Frankfurt roots. In physics, resonance is reinforcement through alignment. That reflects how we work with clients: a continuous feedback loop that turns precise adjustments into meaningful portfolio outcomes. “Capital” states what we do: invest, prudently and transparently.

About the name “Ensemble”

“Ensemble” means “together.” In machine learning, ensemble methods combine models to improve accuracy and resilience. In music, players coordinate to deliver one piece. Our Ensemble software does the same for investing: it brings research, due diligence, and monitoring together into audit-ready materials, making the analysis and decision path visible to stakeholders.

Our management

Vincent Weber RC-01-SW

Vincent Weber

CEO and Head of Research

Vincent Weber is the CEO and Head of Research at Resonanz Capital, a Frankfurt-based investment advisory firm he co-founded in 2019. Positioned at the intersection of finance and technology, Resonanz Capital specializes in high-alpha, multi-strategy portfolios across hedge funds, liquid alternatives, and quantitative investment strategies (QIS).

Before founding Resonanz Capital, Vincent led the Absolute Return team at Prime Capital AG. He holds degrees from Imperial College London, Goethe University Frankfurt, and Dauphine University Paris. His insights on alternative investments frequently appear in leading industry publications, covering topics from strategy selection to portfolio construction.

Iliyan Iliev_RC-04-SW

Iliyan Iliev

COO, Head of Portfolio Management

Iliyan Iliev, COO, Head of Portfolio Management and Co-founder. Previously Director and member of the Absolute Return Group of Prime Capital AG. He oversaw the management of the customized hedge fund mandates as well as chair of the sub-investment-committee for a multi-billion, multi-asset institutional mandate. Prior to joining Prime Capital in 2007, he held a position at Allianz Global Advisors. CFA Charterholder. Master’s degree in Finance from Goethe University

Our team

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Atanas Angelov

Software Developer

Atanas Angelov is a key member of the development team at Resonanz Capital, specializing in user interface (UI), user experience (UX), and artificial intelligence (AI) interactions. He brings extensive expertise in understanding user behavior, crafting intuitive designs, and enhancing overall user satisfaction. Prior to joining Resonanz Capital, Atanas led a team dedicated to building innovative web applications. His background encompasses consumer behavior analysis, marketing strategies, and software development, with a particular focus on UX and UI design.

michael-bull

Dr. Michael Bull

Senior Advisor

Michael Bull has over 35 years of experience in global markets, macroeconomics, multi-asset allocation, derivatives, quantitative index strategies, and fund due diligence. He began his career in 1990 at Paribas Capital Markets in London, focusing on equity derivatives, before moving to the buy-side with Soros Fund Management (Quantum Fund) in 2000.

He later served as co-portfolio manager of a global absolute return fund of hedge funds on a leading institutional managed account platform, where the strategy consistently ranked in the top 2% of its peer group over a 10-year period. Most recently, he was Chief Investment Officer at Hawthorne Asset Management, a MAS-regulated firm in Singapore.

Michael holds a D.Phil. in Theoretical Physics from the University of Oxford and completed postdoctoral research at Harvard University. He is an Associate Member of the Chartered Institute for Securities & Investment and holds the Investment Management Certificate (CFA Society) and the CISI Investment Advice Diploma – Derivatives.

 

Bing Chen_RC-07-SW

Bing Chen

Senior Quantitative Researcher

Bing Chen is a senior quantitative researcher at Resonanz Capital, leading quantitative research and developing Ensemble. She previously held key roles at Prime Capital and Siglo Capital, specializing in advanced quantitative analytics and fund selection strategies. With deep expertise in quantitative analysis and alternative investments, Bing brings a wealth of experience and strategic insight to her current position. Her innovative research and technical development have driven sophisticated investment approaches.

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Dr. Hamid Darabi

Senior Developer

Dr. Hamid Darabi is the Senior Developer at Resonanz Capital, responsible for designing, developing, and maintaining the complex business logic functionalities that underpin the company's core systems and processes. Before joining Resonanz Capital, He held pivotal roles at OpenBulgaria, where He excelled as a multifaceted Backend Developer, DevOps, and Automation Engineer, and at Compilat, a global FinTech expert, as a Senior Software Engineer. With a unique approach to problem-solving, a keen eye for subtle bug detection, and expertise in software development, Hamid brings a strong FinTech background, notably having successfully developed from scratch a risk assessment and analysis product for financial institutions, evaluating potential threats within a remarkably short span of six months.

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Milen Drenski

Head of Resonanz Technologies

Milen Drenski leads the technology subsidiary of Resonanz Capital in Bulgaria. Before joining the company, he was Head of Product at Sowatec (Pfäffikon, Switzerland), where he was responsible for the team developing a fund fee management solution. With extensive experience in software product development and leading successful engineering teams, Milen Drenski brings a strong technical background and expertise in building innovative technology solutions.

Latifa El-Baye RC-02-SW

Latifa El-Baye

Finance & HR Manager

Latifa El-Baye is an experienced Finance and HR manager with a strong background in financial management and controlling. In the current role at Resonanz Capital GmbH (RC), Latifa is responsible for Finance Management, Controlling, Regulatory Reporting and Human Resources, while also contributing to compliance, and KYC processes.

With a track record, Latifa played a key role at RC, where she established the Finance and HR departments from the ground up, successfully implementing all related processes and driving digital transformation.

Before joining Resonanz, Latifa gained valuable experience on financial controlling. She then worked at Prime Capital AG, initially in the areas of OM and Finance, before taking on the role of Finance Manager for Infrastructure (Asset Management).

Earlier in her career, Latifa gained extensive experience in Audit and Taxation serving as an audit and tax assistant at Dornbach Treuhand GmbH during and after completing her studies.

She studied Public Management and obtained the degree "Diplom Betriebswirt (FH)" (equivalent to a Diploma in Business Administration from a University of Applied Sciences).

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Stoimen Gerenski

Senior Software Engineer

Stoimen Gerenski is a Senior Software Engineer responsible for the development of the Ensemble software and for the activities related to its deployment and operation. With over 23 years of experience in the information technologies, telecommunications, and software development industries, he has strong skills in software programming, with a focus on object-oriented programming and design. Stoimen’s extensive experience also includes quality assurance and testing and his technical expertise spans various operating systems, programming languages, and software development tools. Stoimen is also proficient in the administration of networking, communication and business systems. Before joining Resonanz, he was part of a diverse list of organizations, some of which include names like SAP, Infragistics and VMware. 

Thomas Haile_RC-03-SW

Thomas Haile

Manager Compliance & Regulatory

Thomas Haile is Compliance, AML and regulatory specialist with more than 30 years of professional experience in credit business and asset management. At Resonanz Capital, he is responsible for Compliance, Risk Management and regulatory matters. Before joining Resonanz Capital, he assumed similar positions at Robus Capital Management and FCB Firmen-Credit Bank. Thomas is Certified Compliance Professional (CCP) of the Frankfurt School of Finance & Management and has a proven track record in licensing processes with BaFin.

Chang Liu_RC-08-SW

Chang Liu

Product Lead

Chang Liu is Product Lead – Investment & Risk at Resonanz Capital, where he supports the firm’s investment and risk management operations through hands-on modeling, data analysis, and internal product development. In his role, Chang bridges the gap between portfolio management, risk oversight, and technical implementation—designing tools and workflows that enhance transparency, analytical precision, and operational efficiency.

Before joining Resonanz Capital, Chang was a Risk Manager at Prime Capital AG, where he specialized in quantitative risk analysis for private debt investments. He brings a strong background in quantitative finance and technology-driven solutions to investment management, with expertise spanning portfolio analytics, financial risk modeling, and data infrastructure for investment workflows.

Frederik Middelhoff_RC-06-SW

Dr. Frederik Middelhoff

Director

Dr. Frederik Middelhoff is a Director at Resonanz Capital, where he contributes to the development of the firm’s investment platform with a focus on portfolio construction, portfolio management, and quantitative research. His work spans the design and implementation of investment strategies, day-to-day portfolio oversight, and advancing Resonanz’s capabilities at the intersection of quantitative methods and technology.

Prior to joining Resonanz Capital, Frederik was a Postdoctoral Researcher at the University of Münster’s Chair of Derivatives and Financial Engineering, where he presented his research on volatility at leading international conferences. He holds a PhD in Finance and an MSc in Business Administration, both from the University of Münster.

Saadeddine-Yahia

Saâdeddine Yahia

Director

Saâdeddine Yahia is the Investment Director at Resonanz Capital, where he spearheads the firm’s fundamental strategies research and selection. With a proven track record of identifying and executing high-value investment opportunities, he plays a pivotal role in shaping the firm’s approach to alternative credit markets and driving investment innovation.

Before joining Resonanz Capital, Saâdeddine was an Investment Manager at Prime Capital AG within the Absolute Return Group, where he led strategic initiatives in alternative credit investments. His expertise spans direct credit investments, portfolio structuring, and strategic manager selection, positioning him as a key figure in the industry.

A CFA Charterholder, Saâdeddine holds an MSc in Management with a major in Finance and Capital Markets from EMLYON Business School, Lyon.

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Tanya Zhelyazkova

Python Programmer

Tanya Zhelyazkova is a Python Programmer specializing in DataOps at Resonanz Capital, responsible for managing data workflows, optimizing pipelines, and ensuring efficient data processing. Before joining Resonanz Capital, she worked as a Python programmer at Skuuudle, where she focused on web scraping and data extraction at scale. Skilled with Python and automation, Tanya Zhelyazkova has a strong background in data operations and a proven track record in building robust, scalable data solutions.

Ivo Zonev_RC-05-SW

Ivo Zonev

Director

Ivo Zonev is an Investment Director and Co-Founder at Resonanz Capital, responsible for fund selection and portfolio management. Before joining Resonanz Capital, he was a Managing Director at Prime Capital AG and an Investment Analyst at Feri Institutional Advisors in similar functions. With expertise in due diligence and portfolio construction, Ivo Zonev brings a strong background and a proven, internationally awarded track record in hedge fund investing.

Our core values

Knowledgeable

We study, test, and document the reasoning so others can examine it.

Professional

Discipline and precision. Fiduciary mindset. Clear standards.

Forward-thinking

We challenge assumptions and use technology to improve repeatability.

Trusted

Transparency, open communication, and audit-ready materials. Governance built in.

Our clients

Family Offices

We help principals, CIOs, and investment professionals add resilient alternative returns without adding noise. We map objectives, constraints, and governance first. We equip your team with IC-ready packs to champion the allocation. Traceable decisions.

Wealth Managers

We support model portfolios and bespoke mandates with evidence-led selection and oversight. Clean IC materials. Repeatable process. Governance built into every step—delivered through Symphony and Ensemble.

Pension Funds

We align strategies with policy, liabilities, and risk budgets. Transparent documentation for trustees and committees. Decisions that stand up to scrutiny. Traceable decisions.

What we do

In-depth market analysis

We research hedge funds, liquid alternatives, and QIS. We isolate return drivers and risks. We test fit to mandate and policy. We benchmark against peers and indices. Then we deliver audit-ready materials your stakeholders can use. Built by allocators.

Personalized approaches

We design portfolios around objectives, constraints, and governance. We set limits, scenarios, and oversight routines. We document the reasoning so decisions are traceable. Delivered through Symphony, monitored in Ensemble for ongoing accountability.

Expert, data-backed advice

Using our experience and data analytics, we help our clients build high-alpha, high-conviction, multi-strategy portfolios that enhance performance.

Support

We help our clients document and report on their analysis, decision-making and risk tolerance to meet their due diligence and compliance obligations. We also provide resources to educate stakeholders with disparate levels of investing acumen.

Come work with us

At Resonanz Capital, it is not just about numbers and markets. We are committed to attracting, developing, and retaining the best talent in the business.

Whether you are an experienced professional or a recent graduate, we work to empower our employees to grow professionally, provide them with opportunities to work on challenging projects, innovate, and make a real impact in the world of finance.

Junior Quantitative Researcher (Entry Level)

Impact from week one • Ship small models & automations with measurable results • Weekly mentorship & bi-weekly reviews with stakeholders • Python/ML/Finance + modern AI research stack • Transparent path to Quant Researcher in ≤12 months.

Quantitative Research Intern (6 Months, Paid)

Impact from week 1 · 3 shipped deliverables (micro‑automation, SOP, client‑grade brief) · Weekly mentorship & Demo Days · Python/ML/Finance/LLMs· Hybrid Frankfurt · Paid with conversion path to Junior Quant · Time‑boxed assessments & fast feedback.

KI‑getriebene*r Compliance‑Champion (m/w/d, Teilzeit)

Resonanz Capital steht für einen datengetriebene Investment‑Ansatz – jetzt wollen wir dieselbe Pionierarbeit im Compliance‑Bereich. Ihre Mission: ein Next‑Generation‑ Compliance‑Framework aufbauen, das KI konsequent einsetzt, um unsere Lizenz zu schützen, Entscheidungen zu beschleunigen und Prozesse zu skalieren. Wenn Ihnen § KAGB, MiFID II und MAR genauso vertraut sind wie GPT‑gestützte Policy‑Erstellung, Reg‑Tech‑Automatisierung oder Prompt‑Engineering‑Dashboards, sind Sie bei uns richtig.

Read our blog

Monthly QIS Review - August 2025

Executive Summary August 2025 was constructive for QIS. The average composite gained +0.62% MTD, with 30 of 42 (≈71%) strategies positive. Cross‑sectional dispersion narrowed to ~4.5 ppts (top minus bottom), a step tighter than July. ...
3 min read

Beyond Labels: The RQT Index, a Bank QIS Composite for Trend Exposure

Trend following has long been part of the allocator’s toolkit. Its appeal lies in its asymmetry: modest losses in sideways markets offset by strong gains when trends persist. Yet many widely used benchmarks—typically CTA peer groups or ...
7 min read

Dispersion Trading and the DSPX Index

As discussed in our previous blog post, dispersion trading is a correlation trade built with options: typically sell index vol, buy single-stock vol (short correlation), or the reverse (long correlation). Depending on sizing, it can be net ...
5 min read