Co-designed and launched Ascend’s Sequoia Fund, a fundamentals-based long-short equity product for US small and mid-cap companies. Developed an end-to-end management IT platform including the stock selection algorithm and portfolio rebalancing system featuring multiple risk controls (market, sector, value). The platform was fully automated, incorporating more than a dozen complex 3rd party data source imports as well as maintenance of multiple very large high-breadth 3rd party databases. The platform automatically generated complete pre and post trade report packages, short borrow requests, trade orders for multiple OMS’ and all investor reports.
Sequoia was consistently ranked #2 among its peer group in the Credit Suisse/Tremont Hedge Fund Index over its initial two years. Successfully raised $130 million dollars for the product and successfully executed $1.8 billion in trades over a two-year period.
* Editorial comment: this is Sequoai Fund, not Sequoia Capital.