Innovating at the intersection
of alpha and beta
LAB QS aims to combine diverse sources of alpha with capital-efficient
beta to consistently achieve absolute or relative return objectives.
LAB – short for Liquid Alpha + Beta – embodies our core mission: to deliver scalable, liquid access to diversified alpha combined with capital-efficient beta exposure, guided by a risk-first investment philosophy.
We blend proprietary quantitative models with high-calibre managers, inside customizable solutions, to deliver on the absolute and relative return objectives of our clients. This approach enables us to offer scalable institutional-grade solutions defined by an aim for tax efficiency, liquidity, and differentiated alpha to a diverse client base, including high-net-worth individuals, RIAs, family offices, and institutional investors.
~$1.7
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
10-year track
record
of value creation for one of the world’s wealthiest families
Markets
Traded
150+ globally across asset classes
LAB QS Dynamic Equity Fund, LP (DYNE), is LAB QS’ flagship hedged equity strategy with an absolute return objective. It aims to deliver equity-like returns with lower volatility and reduced drawdowns across various market environments. Managed within a robust, institutional-grade risk framework, this strategy embodies our risk-first philosophy, offering a differentiated path to long-term growth through stability, diversification, and capital preservation.
LAB QS Dynamic Equity Offshore Fund, LP (DYNO), mirrors the investment philosophy and strategy of its onshore counterpart, DYNE. Structured as an exempted limited partnership registered with the Cayman Islands Monetary Authority (CIMA), DYNO provides non-U.S. and U.S. tax-exempt investors with access to LAB QS’ flagship hedged equity strategy. It seeks to deliver equity-like returns with lower volatility and enhanced downside protection, all within an institutional-grade risk management framework.
DYNAMO is a relative return equity replacement strategy built with the aim to consistently outperform specified benchmarks while also targeting reduced drawdowns and lower overall risk.
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. Registration does not imply approval, endorsement, or a certain level of skill or training recognized by the SEC, CFTC, CIMA or applicable self-regulatory organizations. Any information presented on this site has been prepared solely for informational purposes and is not intended to provide professional or investment advice. In addition, any information presented on this site is neither an offer to buy or sell securities nor a solicitation of an offer to buy or sell interests or shares in any fund or strategy. Strategy AUM estimate is as of July 1, 2025.
Trent May, CFA
Chief Investment Officer
Trent is the founder and Chief Investment Officer (“CIO”) at LAB QS. He is a member of LAB QS’s Executive Committee and Investment Committee. Trent’s primary responsibilities with LAB QS include business and investment strategy, asset allocation, team development, and risk management. Trent developed the original LAB QS 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 since 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. Prior to 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.
