A family office of Wall Street trader William J O’Neil has floated an alternative investment vehicle called O’Neil Capital Management India Pvt. Ltd (OCM India) and launched a hedge fund called O’Neil Quant Fund, reports say.

OCM India has already registered as a Category III alternative investment fund (AIF) in India.

The O’Neil Quant Fund aims to generate market-beating alpha through statistical models that analyse market data in real time using technology and empirical techniques.

The O’Neil Quant Fund has been reportedly developed specifically for the Indian market. This is fifth fund for the global player after the successful launch of three funds in the US and one in China.

The Quant Fund is a hedged aggressive growth equity long/short investment strategy implemented by a systematic quantitative algorithm developed based on the proven O’Neil proprietary factors. It consists of an extensive portfolio with Indian equities that have growth characteristics and a short portfolio to hedge the long portfolio’s inherent volatility (i.e. high beta). It also has a technical, event-driven market timing strategy that is implemented through a systematic quantitative algorithm and operates through a set of proprietary technical patterns that may occur near through a set of proprietary technical patterns that may arise near major market inflection points.

William O'Neil India provides collective data of 70,000 stocks in 80 global markets, 4,000+ Indian stocks and 60+ Sector Analysis, along with a state-of-the-art stock and market research. There are service offerings such as MarketSmith India, SwingTraders India, AlgoSmith, Panaray, and PortfolioSmith, catering to various needs in the stock market. Except for Panaray, which is exclusively B2B, all the other products tend to the requirements of individual investors too.