Berson Money Management

What Berson Money Management does

QST Capital LLC is a San Francisco-based, SEC-registered investment management firm specializing in multi-asset tactical portfolio management for institutional investors and qualified high-net-worth individuals. The firm operates two core strategies: Tactical Equity, which rotates between growth and defensive equity positions using a custom hedging overlay to manage interim volatility and drawdown risk, and Cross-Asset Hedging, a multi-asset strategy combining derivatives and fixed income instruments structured to deliver equity-like upside with an investment-grade bond-like risk profile. Both strategies are managed within a unified quantitative risk framework.

The technical foundation is a proprietary set of quantitative financial models used to identify and forecast opportunities and underlying risks across liquid financial markets and the broader macroeconomic landscape. The firm positions active downside-risk mitigation as the foundation for generating stronger absolute and risk-adjusted returns, with custom hedging overlays and multi-asset derivative positioning functioning as the architectural differentiators versus traditional long-only mandates.

Commercially, QST generates revenue through asset-based management fees typical of registered investment advisers. Distribution is executed via a direct, consultative sales motion targeting institutional allocators (pension funds, endowments, foundations, family offices) and qualified investors, supported by an investor login portal and a dedicated investor-relations contact on the firm website. Pricing is not publicly disclosed and is presumed to be negotiated per mandate. Geographic scope is domestic US, with no disclosed international distribution.

Name

Berson Money Management

Legal name

QST Capital LLC

Website

https://bersonmoney.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

QST Capital LLC is a San Francisco-based, SEC-registered investment adviser that offers multi-asset tactical portfolio strategies (Tactical Equity and Cross-Asset Hedging) to institutional investors and high-net-worth individuals, charging asset-based management fees under a direct distribution model.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Long/Short — Financials Focus (FSAHAAAL)

Keywords

• Investment management
• Tactical equity strategies
• Multi-asset hedging
• Portfolio risk management
• Downside risk mitigation

Headquarters

HQ city

Camarillo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: As a registered investment management firm (SEC-registered, Form ADV on file), QST Capital generates revenue through management fees charged on assets under management, typical for hedge fund and tactical investment structures. The firm specializes in multi-asset tactical portfolio management for institutional and qualified investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Berson Money Management is an investment management firm offering tactical equity and cross-asset hedging strategies built on quantitative financial modeling. The firm actively mitigates downside risk as the foundation for generating stronger absolute and risk-adjusted returns, targeting institutional investors and qualified high-net-worth individuals.

Product overview

QST Capital offers a unified investment management platform with two distinct tactical investment strategies built on deeply researched quantitative methods. The core portfolio consists of Tactical Equity, which provides active rotation between growth and defensive positions with hedging overlays, and Cross-Asset Hedging, which delivers equity-like upside through a multi-asset derivatives and fixed income approach with bond-like risk characteristics. Both strategies are managed within a unified risk framework designed to generate positive asymmetrical risk/return profiles.

Differentiator

Problem solved

Functional benefit

Products and services

• Tactical Equity A tactical investment strategy that rotates between growth and defensive equity positions with an active hedging overlay, designed to capitalize on rising market conditions while systematically shifting into defensive positions as market drawdown risk elevates. Targeted at institutional investors and qualified high-net-worth individuals seeking downside-protected equity participation.
• Cross-Asset Hedging A multi-asset strategy composed of derivatives and fixed income instruments aimed at providing upside participation in equity markets with a risk profile similar to investment grade bonds. Positions are strategically structured to provide multiple levels of capital preservation while still offering growth opportunities.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Man Group / AHL: Man Group is a large publicly listed multi-strategy manager; its AHL unit runs systematic, multi-asset, derivatives-driven programs for institutions. It is a scaled incumbent version of what QST is attempting at boutique scale, with overlapping systematic and risk-mitigated approaches.

Direct peers

• Aspect Capital: Aspect is a boutique systematic multi-asset manager running trend, macro, and multi-strategy programs for institutions. Its scale and product mix make it one of the closest mid-sized comps for QST's tactical and cross-asset mandates.
• Winton Group: Winton is a systematic, science-driven investment manager running diversified multi-asset strategies with a heavy emphasis on risk management and downside mitigation. Its core systematic programs target risk-adjusted returns through quantitative modeling, similar to QST's stated approach.
• Millburn Ridgefield Corporation: Millburn is a long-standing systematic, multi-asset trend and global macro manager serving institutional investors. Its emphasis on diversification, derivatives-based hedging, and tactical positioning across asset classes directly parallels QST's Tactical Equity and Cross-Asset Hedging strategies.
• AQR Capital Management: AQR is a large quantitative investment manager running multi-asset, multi-strategy portfolios that systematically harvest risk premia and apply risk overlays. QST shares the same quant, systematic, multi-asset philosophy and risk-mitigation orientation, making AQR the closest functional comp despite AQR's much larger AUM.
• Graham Capital Management: Graham is a systematic, discretionary, and hybrid macro/tactical manager serving institutional clients with multi-asset mandates and hedging overlays. Its blend of quantitative methods with tactical positioning across asset classes is directly comparable to QST's two-strategy construct.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Berson Money Management