*** Correction 4/11/2019 *** AlphaTower’s return in September 2019 is 6.3%, not 5.7%. Apologies for any inconvenience caused.
We have some good news to share with you! We are pleased to inform that AlphaTower Fund has achieved a great return in September. A decent 5.7%. Yesterday, we posted a teaser on our website, but today the number is official. Read the full message below, it’s is a fascinating one.
“We have never seen a bad back test!” Everyone in the financial industry has heard these words at some point. Backtesting is the general method for seeing how well a strategy or model would have done ex-post. If backtesting works, portfolio managers and analysts may have the confidence to employ it going forward. All too often, strategies look great in simulation, but unfortunately, they do not live up to their promise in real time (live) trading.
“We have never seen a bad back test!” – Dimitris Melas, Head of Research at MSCI
“Dear Dimitris, did you ever see the opposite?” 😉 Our live strategy is outperforming the back test. The net performance of AlphaTower is even better than the gross backtest befóre fees, costs, contributions and market impact. We expect that we will continue along this line.
Last but not least, we are incredibly proud and delighted with the performance and this confirms that our strategy is robust and future-proof. We are confident that we will win more in good times and lose less in bad times.
Find the results below. The performance chart and the return-tables have also been updated.
October!
This month and the stock market are generally not a happy pair. If you want to learn about our October-results, please leave your email address and we will let you know.