Questions we are asked most often

Theo Quant is built by a group of hedge fund managers, technology-driven and focused on systematic opportunities in global markets. Founded in 2022, our investment approach brings together three complementary strategies: statistical arbitrage, cross-exchange arbitrage, and real-world asset (RWA) perpetuals arbitrage — each responding to different sources of market opportunity, creating an all-weather portfolio not dependent on the direction of any single asset or market.

Three, forming an all-weather portfolio:

Statistical Arbitrage

A relative-value framework across digital assets. Balanced long and short books capture cross-sectional dislocation rather than direction, driven by a proprietary signal engine.

Cross-Exchange Arbitrage

USDT-denominated, delta- and market-neutral high-frequency arbitrage across centralised venues. Built for stable capture in volatile conditions, with extensive back-testing behind each parameter.

RWA Perpetuals

Captures pricing and funding dislocation between listed equities held at traditional brokers and equity-linked perpetuals on digital asset venues.

Theo Quant's founding partners are Jackson Wong (DBA candidate and MBA, HKUST; BA Economics, Simon Fraser University; lectures at HKUST and supervises fintech research at CUHK) and Terry Luo (BA Economics, Wilfrid Laurier University; ten years trading digital assets through successive market cycles). The team also includes Gordon Mak, CFA (MS Finance, HKUST; a decade in options and derivatives at Hang Seng Bank and CITIC Bank), Lewis Lu (BS Mathematics and Statistics, University of Toronto; five years modelling data at scale for the Treasury Board of Ontario), and David Lee, CPA (iBBA, Schulich School of Business; seven years at KPMG across audit and advisory).

Theo Quant manages risk through discipline over prediction, prioritising market-neutral arbitrage over directional bets. The founder series on Insights covers this in more depth: backtest rigour in Part 1, execution friction in Part 2, and the architecture behind isolating tail risk in Part 3.

Theo Quant has been building since 2022. Today the team trades an average of $40M in daily volume across 19 centralised exchanges, with 40+ counterparties spanning Hong Kong, the Cayman Islands, and the BVI.