Innovating the Finance Frontier

Join us as we capitalize on a historic alpha opportunity realized as derivatives reprice towards their local equilibrium state.

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Our Company

QAGE—short for Quantum Age—utilizes all traditional micro and macro factors overlaid with the frontier economics field of quantum finance.

Our foundational thesis is that the passive investing acceleration, coincident with the democratization of information flow, has led to the collapse of capital viscosity.

We are convinced that major institutions that evolved under a more viscous capital flow environment are unsuitably structured for these developments. Our frontier economics framework is designed to capitalize on the historic alpha generation opportunity arising from the disintermediation of the banking system.

Leverage cyclically builds up in the system—like an endocardial calcification—at increasingly unprecedented speeds. This fuels the invevitable global liquidity event that gets labeled a black swan.

The coming liquidity event is the antithesis of a black swan. We believe it is in fact perfectly forecastable utilizing our quantum finance framework.

Differentiation
The systems and models developed since the Big Bang of risk on August 15,1971—the withdrawal of Bretton Woods—have not adequately adapted to the collapse of capital viscosity. They misprice risk, both by failing to account for foreseeable global liquidity events, and by failing to quantify the accumulated impact of policy interference actions that amplify the ultimate system reaction function.
Edge
We model market price and derivative structures with the understanding that they experience periods of local stability and then failure. We further quantify policy interference actions into forecasts that exhibit greater precision and deterministic characteristics.
QAGE Model
A distilled view of our model is the exploitation of rising shear stress in oppositional skews, with one rising faster than its complement. Our understanding of policy interference and the superposition of the wave function increase the theta and associated deformation tangent of local equilibrium prices. Our model is designed to identify the yield point or when failure occurs so that we can position long gamma as the systems works to achieve local equilibrium.
Opportunity
We believe that the mispricing of skew prior to a foreseeable liquidity event will produce pure alpha. We are actively monitoring the present-day vega implosion as it drags down kurtosis and sets the stage for a liquidity-gap driven failure and super excitation of a tail event

Key Personnel

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David Levenson
David Levenson
CIO — Global Macro, Fixed Income & Derivatives

David has developed and refined a model of market behavior after more than four decades studying marktets. He leads our firm's effort to incorporate the inputs of global macro risk, derivatives, policy and participant positioning through our unified risk field framework to generate asymmetric alpha opportunities. He sets the firmwide macro view, portfolio construction, and risk limits, integrating credit spreads, curve shape, and mortgage convexity as primary signals for regime shifts. David's framework is model driven, delivering a low value-at-risk portfolio strcture that self-funds long tail risk positions, using long-dated Vega collars and countless risk dampening derivative hedgeing strategies. Previously he held roles at SAC Capital, Bear Stearns, and subidiaries of JPMorgan Chase, Citigroup, and Morgan Stanley.

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Andres Lebaudy
Andres Lebaudy, Ph.D.
COO

Andres is an experienced entrepreneur and corporate executive who oversees firmwide operations, data infrastructure, and execution quality. Prior to QAGE, he was Founder & CEO of Fairmount Automation, where he built a technology business from concept to scaled delivery before transitioning to an executive role in machine learning and data science at Comcast NBCUniversal. At the fund, he brings operating rigor to research tooling, model governance, and performance reporting—ensuring our tail-yield program runs with institutional discipline. He partners with the CIO and the technical team to evolve our frontier finance modeling.

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Low Beta Tail Yield Strategy

Our flagship LBTY strategy targets market participation with lower-beta core exposures and channels a small explicit budget to long-dated volatility ("tail") optionality.

The strategy is primarily designed to preserve capital, using the yield from steady investments to fund a small, concentrated alpha pool.

The defensive core is allocated to strengthening sovereigns and low volatility equities with rising call skew.

The strategy is expected to outperform the broad market with less variance on lower value-at-risk.

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Core Engine (< $100mm mandates)
Allocate to lower-beta ETFs, blended across sovereign exposures (rates/sovereign bond ETFs) and high-momentum equity ETFs that exhibit below-average implied volatility. The objective is a stable, low-volatility corpus.
Tail Allocation (~5% of fund)
We use approximately 5% of the fund—the expected core portfolio yield—to purchase long-dated tail exposures. We try to preserve the status of Vega and not shorten up into Gamma.
Harvest Alpha & Redeploy
As alpha accrues, we harvest 25-50% (per client discretion) and redeploy to reinforce the core low-volatility base. Capital is essentially stabilized by the low-beta exposures, while limited drawdowns and tail events are exploited by the long-dated Vega.
Risk Concentration By Design
The concentration of risk into a small corner of the book provides a high level of price stability along with a very low risk of significant drawdowns.
Limited Leverage
The fund will be unleveraged during most periods and deploy up to 2X leverage during select opportunity windows identifed by the QAGE model.
Why It Works Now
Passive money flows and structurally muted Vega create opportunities for this strategy to outperform the broad market with lower-value-at-risk.

Contact Us

If you’re an accredited or institutional investor interested in learning more, please get in touch and we’ll follow up with materials and next steps.

Disclaimers

Not an offer. For informational purposes only. Any investment interests are offered solely by the Platform through official offering documents to eligible investors and where permitted by law. Investments involve significant risk, including possible loss of capital. Past performance is not indicative of future results. Certain statements are forward-looking. The Platform is responsible for regulatory compliance of sponsored vehicles/accounts; the Manager operates under the Platform’s supervision. See the Platform’s offering documents and disclosures for full terms, fees, risks, and conflicts.