What Systematica Investments does

Systematica Investments is a Jersey-domiciled systematic quantitative investment management firm founded in January 2015 as a spin-out of BlueCrest Capital Management's systematic division. The firm manages over $10 billion in assets across a diversified product suite that includes its flagship BlueTrend trend-following programme (originating in April 2004), the Systematica Alternative Markets (SAM) programme covering OTC and derivative markets, the Systematica China Markets (SCM) programme trading onshore Chinese commodities, the Systematica Macro Strategies (SYMS) programme, the Liquid Multi Strategy (SLM) programme (rebranded from SARP in April 2024), Macro Relative Value, and Equity Market Neutral strategies. Under CEO and founder Leda Braga, the firm employs a data-driven systematic investment process that avoids discretionary intervention, built on proprietary trend-following signals, alternative data processing, and a proprietary electronic trading infrastructure executing over 0.9 million orders across 188+ markets with 11 hours of daily trading coverage. The firm is regulated across multiple jurisdictions including FCA (UK), CFTC/NFA and SEC (US), FINMA (Switzerland), MAS (Singapore), and JFSC (Jersey), and distributes UCITS-compliant funds across 14 European countries.

Systematica targets institutional and professional investors — including asset managers, family offices, and pension funds — through direct institutional sales and UCITS fund structures. Revenue is generated through two primary streams: management fees on assets under management (the standard hedge fund subscription/recurring model) and performance fees on returns above defined benchmarks or high-water marks. Beyond commingled funds, the firm offers Customised Solutions including bespoke strategies, multi-fund umbrella structures, managed accounts, and fund-of-one mandates to address specific institutional preferences. The firm's operational footprint spans six global offices in London, New York, Jersey (headquarters), Geneva, Shanghai, and Singapore, supported by 101-250 employees with a 20+ year investment team track record.

Name

Systematica Investments

Legal name

Systematica Investments Limited

Website

https://systematica.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Systematica Investments is a Jersey-domiciled quantitative investment manager offering systematic trend-following, macro, and equity market neutral strategies across $10bn+ AUM to institutional investors via six global offices.

Ownership category

akta.pro rank

Product category

Quantitative Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Systematic Macro (Rates/FX/Equities Macro Models) (FSAHAEAC)

akta.pro secondary industries

Hedge Funds — Commodity Systematic/CTA (Managed Futures) (FSAHAHAC), Quantitative/Systematic Equity (Active) (FSAAAIAL), Systematic Portfolio Construction & Risk Control (Risk Parity, Vol Target, Dynamic Allocation) (FSAHAEAJ)

Keywords

• Systematic investment management
• Quantitative hedge fund
• Trend following strategies
• Alternative risk premia
• Institutional asset management

Headquarters

HQ city

St. Helier

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Management Fees: Management fees charged on assets under management, typically calculated as a percentage of AUM. The firm manages over $10 billion in assets.
2. Performance Fees: Performance-based compensation typically earned when investment returns exceed defined benchmarks or high-water marks.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Systematica Investments is a systematic quantitative investment management firm that develops and runs diversified trading programmes for institutional clients. The firm deploys proprietary, data-driven models across trend following, macro relative value, equity market neutral, and multi-strategy mandates, executing across 188+ global markets. It distributes these strategies through flagship programmes (BlueTrend, SAM, SCM, SYMS, SLM), UCITS-compliant funds, and bespoke customised solutions.

Product overview

Systematica Investments is a quantitative investment management firm offering a diversified suite of systematic trading programmes. The portfolio includes flagship trend-following strategies (BlueTrend Programme, Alternative Markets Programme, China Markets Programme), macro strategies (Macro Relative Value, Macro Strategies), multi-strategy solutions (Liquid Multi Strategy), equity market neutral strategies, and UCITS-compliant products. The firm also offers bespoke customised solutions through its Multi-Fund structure for institutional clients. The product architecture combines systematic discipline with innovative data processing capabilities across 188+ markets traded.

Differentiator

Problem solved

Functional benefit

Brands

• BlueTrend: Systematica's flagship trend-following strategy programme, combining two decades of experience in trend following deployed across mainstream futures, alternative markets and region specific (China) strategies.
• Systematica Alternative Markets (SAM)
• Systematica China Markets (SCM)
• Systematica Liquid Multi Strategy (SLM)
• Systematica Macro Strategies (SYMS)
• BlueTrend UCITS
• Systematica Alternative Risk Premia (SARP)
• Macro Relative Value
• Equity Market Neutral

Products and services

• BlueTrend Programme Flagship systematic trend-following programme trading equities, fixed income, FX, energies, metals, and agricultural commodities using proprietary trend signals across multiple dimensions (asset, sector, factors, timeframes). For institutional and professional investors.
• Systematica Alternative Markets Programme (SAM) Specialised systematic trend-following programme focused on markets CTAs trade less commonly, including interest rate swaps, emerging markets FX, equity sectors, alternative commodities, and credit, leveraging Systematica's OTC trading and derivatives pricing expertise.
• Systematica China Markets Programme (SCM) Specialised systematic trend-following programme trading onshore Chinese markets with primary focus on commodities. For institutional investors seeking regional Asian exposure.
• Systematica Macro Relative Value Programme Systematic relative value fund operating in macro securities that monetises yield curve movements and options market opportunities while maintaining overall market neutrality.
• Systematica Macro Strategies Programme (SYMS) Systematic trading programme offering access to diversified non-trend macro strategies across global markets, including fundamental macro, diversified carry, technical, and calendar investment themes across asset classes.
• Systematica Liquid Multi Strategy Programme (SLM) Liquid multi-strategy trading programme providing diversified implementation of macro and equity market neutral trading strategies across global markets. Originally launched as Alternative Risk Premia in June 2016 and rebranded in April 2024.
• Equity Market Neutral Strategies Range of proprietary systematic equity market neutral strategies targeting both equity factors and proprietary statistical arbitrage techniques.
• Customised Solutions Bespoke investment solutions including the Systematica Multi-Fund umbrella structure, managed accounts, and fund-of-one structures designed to address specific client investment preferences or needs.
• UCITS Funds UCITS-compliant fund products including BlueTrend UCITS and Systematica Liquid Multi Strategy UCITS, regulated investment vehicles available to institutional and professional investors across European jurisdictions.

Quantifiable outcome

• Surpassed $10bn AUM in June 2021
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered major, core and supporting.

• First Quadrant (FQ)majorStrategic or Co-development Partner · 1 June 2022Systematica expanded its capabilities through the acquisition of select clients and intellectual property from quantitative investment firm First Quadrant (FQ) in June 2022. Certain clients of First Quadrant transferred to Systematica before the end of 2022.
• UN PRI (United Nations Principles for Responsible Investment)coreStrategic or Co-development Partner · 1 January 2017Systematica has been a UN PRI Signatory since 2017 with an A+ score achieved in 2020. The firm is committed to incorporating ESG considerations into its investment decision-making process.
• SBAI (Standards Board for Alternative Investments)coreStrategic or Co-development PartnerSystematica is a founding organisation of the SBAI and has been a board member since 2019. CEO Leda Braga has been engaged in promoting standards of good governance, transparency, integrity and ownership practices for the industry. Systematica actively contributes to the Responsible Investment working group.
• CDP (Carbon Disclosure Project)supportingStrategic or Co-development PartnerSystematica Investments is registered with the Carbon Disclosure Project (CDP) as part of its sustainability framework.
• TCFD (Task Force on Climate-related Financial Disclosures)supportingStrategic or Co-development PartnerSystematica is a public supporter of the Task Force on Climate-related Financial Disclosures (TCFD) and publishes TCFD Entity Level Reports.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Man Group / AHL: Man AHL is one of the largest and longest-tenured systematic/CTA managers globally, running diversified trend-following, managed futures, and systematic macro programmes comparable to Systematica's BlueTrend, SAM, and SYMS strategies. Direct competitor in the institutional CTA/managed futures space with broader multi-strategy scale.
• Winton Group: Winton is a London-based systematic/quant manager with a flagship managed futures (trend-following) programme and scientific research heritage directly comparable to Systematica's BlueTrend strategy. Competes head-to-head for institutional trend-following and systematic macro mandates.
• Aspect Capital: Aspect is a specialised systematic managed futures/CTAs manager running diversified, multi-asset trend-following programmes for institutional clients. Closely comparable to Systematica's BlueTrend and SAM strategies in product scope and target market.
• Graham Capital Management: Graham is a well-established systematic and discretionary macro manager with flagship managed futures and systematic macro programmes comparable to Systematica's BlueTrend and SYMS. Competes for similar institutional trend-following and macro mandates globally.
• Campbell & Company: Campbell is a long-standing systematic/CTA focused on managed futures and trend-following programmes for institutional and high-net-worth investors. Comparable to Systematica's BlueTrend in product category and customer segment.
• Lynx Asset Management: Lynx is a Stockholm-based systematic managed futures manager running multi-asset trend-following programmes comparable to BlueTrend. Competes for similar European institutional CTA allocations.
• Transtrend: Transtrend is a Dutch-registered systematic managed futures manager offering diversified trend-following programmes to professional investors across Europe, directly comparable to BlueTrend and to Systematica's UCITS fund structure strategy.
• Capula Investment Management: Capula is a London-based systematic macro manager with flagship multi-strategy and relative-value fixed-income programmes that overlap with Systematica's SYMS Macro Strategies and Macro Relative Value offerings for institutional clients.

Broad incumbents

• BlueCrest Capital Management: BlueCrest is the former parent of Systematica's systematic division and remains a major global macro and discretionary hedge fund manager. Comparable as a broader/historical incumbent in the same systematic trading talent pool, but no longer a direct systematic product competitor after the 2015 spin-out.
• Renaissance Technologies (Medallion/RIDA): Renaissance is the dominant quantitative systematic manager globally, with multi-strategy and equity market-neutral programmes comparable to Systematica's BlueMatrix/Equity Market Neutral. A much larger, private peer operating at significantly greater scale with internal talent exclusivity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Systematica Investments