RAMSEY QUANTITATIVE SYSTEMS

RAMSEY QUANTITATIVE SYSTEMS is a wealth-management firm allocating client money, running a $96.6M US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, READY CAPITAL CORP, IPATH SERIES B S&P 500 VIX, -1X SHORT VIX FUTURES ETF, PROSHARES SHORT VIX ST FUTUR.

Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 0 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.