A research-driven, risk-focused,
quantitative asset manager
~$1.6
billion AUM
in our fully deployed multi-strategy hedge fund
~25
person
team comprised of individuals with significant experience as GPs as well as LPs
9-year track
record
of value creation for one of the world’s wealthiest families
We manage a holistic liquid market portfolio for investors seeking to generate equity-like returns with significantly less volatility and downside risk. We believe that piecemeal allocations to alpha, (strategies with low correlation to the stock market), and beta, (static equity market exposure), is an inefficient and expensive portfolio construction method. While much of the risk in our portfolio is internally managed, we also allocate to external managers who deploy strategies we don’t believe we have a comparative advantage in building internally. We build preferred partnerships whereby structures such as netting across strategies and strategically aligned economics can be achieved. Our investment team has extensive experience managing assets for families, ultra-high net worth individuals, and institutional investors of all kinds.
Past performance is not indicative of future results, actual results may vary. Investment in commodity interests is speculative and involves significant risks, including the risk of loss of the entire investment. Actual portfolio construction may vary. Risk targets reflect current internal risk management metrics and are subject to change.
and large institutional LPs
Trent May, CFA
Chief Investment Officer
Trent is the founder and Chief Investment Officer at LQS. He is the Chair of LQS’s Executive Committee and Investment Committee. Trent’s primary responsibilities with LQS include business and investment strategy, asset allocation, team development, and risk management. Trent developed the original LQS models in 2008. These models remain in use today and form the basis of the DYNE investment strategy. Previously, Trent was the President and CIO of 1888 Investments from its inception in January 2015 through March 2023. In his role as CIO of 1888 Investments, Trent was responsible for capital allocation between liquid and illiquid investments and led 1888’s liquid investment strategy. Before 1888, Trent was CIO for Koch Industries Treasury Group where he oversaw investments on behalf of the Koch family, Koch Foundations, and a portion of Koch Industries Inc. Trent joined Koch Industries in September 2011 from the Wyoming Retirement System, an $8 billion Public Pension Fund, where he served as CIO. Previously, Trent was a managing member of an equity-focused systematic macro hedge fund and a global partner and portfolio manager with Invesco Funds Group. Trent has over 30 years of experience in alternative investments, global equity markets, systematic investment strategies, and portable alpha. Trent holds an M.B.A. from Rollins College and a B.S. from Florida Institute of Technology - College of Engineering and Science. He holds the designation of Chartered Financial Analyst.
