- April 27, 2020
-- Trinnacle Capital Management LLC ("Trinnacle")
announced the acquisition of certain of its intellectual property in alternative data and machine learning technology by a large, international hedge fund. Details of the transaction are confidential and Trinnacle has returned capital to its limited partners.
Trinnacle has been developing innovative alternative data strategies with unique data sources since 2015, launching its own Trinnacle Master Fund in November 2016. Its Master Fund has returned +9.81% net of fees since inception through October 2019 and managed assets of around $50MM at its peak.
"While there will always be room for disruptive incumbents, today's quantitative investment industry requires scale to operate efficiently."
, says Eric A. Kohlmann, co-founder of Trinnacle and CIO, COO. "We're now excited to see the results of our hard work and efforts being deployed on a substantial platform.", adds Joel N. Bloch, Trinnacle's co-founder and CIO, CTO.About Trinnacle Capital Management LLC:
Founded in 2015 by Eric Kohlmann and Joel Bloch, Trinnacle Capital Management, LLC is an alternative data and machine learning-driven hedge fund manager. Trinnacle develops proprietary algorithms that leverage big data to source lucrative trading opportunities with an embedded margin of safety. As an early adopter, Trinnacle has built core expertise in the nascent big data/AI-driven investment field and uses custom data sets resulting from unique partnerships. https://trinnaclecapital.com