Rigel Mercantile Limited (“Rigel”) is an asset management firm registered with the Ontario Securities Commission as a Commodity Trading Manager (“CTM”). We specialize in macro/value research and systematic trading. Our research universe consists of a broad spectrum of asset classes that include commodities, equities, interest rates, and currencies. Our objective is to: 1) identify mispricing in markets spanning a broad spectrum of asset classes and 2) build and manage 100% systematic trading strategies with the objective of extracting profits from ‘up or down’ markets.
Rigel is the Portfolio Manager of two systematic strategies that invest in all major asset classes:
1) Shuttle — 100% systematic, momentum based, trend-following strategy.
2) Reversio — 100% systematic, sentiment based, reversion strategy.
Abhay A. Abhyankar — Founder, CEO, Portfolio Manager
After graduating from a Civil Engineering program while I grew indifferent toward my chosen field of study I fell in love with ‘engineering’. In search of a field to apply my engineering skills I landed in the world of Global-Macro/Multi-Strategy Hedge Funds. Shortly after completing my MBA in 2008, I started out, at the very depths of the Global Financial Crisis, as an Analyst for an alternative investment firm called Niagara Capital Partners Ltd. (“Niagara”). I spent the next seven+ years, at Niagara, grinding my way up to the position of Head of Analysis & Research, Assistant Portfolio Manager, and VP – Investment Strategies.
During my time at Niagara I was mentored by Mr. David Rothberg and Mr. Michael Grant, the co-founders of Niagara. While David helped me understand risk management, Michael helped me understand the nitty-gritty of operations. Both David & Michael continue to guide me albeit in different roles, as seed investors, & partners, in The Shuttle Strategy.
I have also had the great privilege of learning from, one of the great investors of our times, Mr. Albert D. Friedberg of the Friedberg Mercantile Group. Albert was one of the first board of governors of the Toronto Futures Exchange, and served as its Chairman from March 1985 to June 1988. Over the years he has been kind enough to have coloured my understanding of global-macro investing and to this day continues to be my global-macro teacher. Albert is a seed investor, and partner, in The Reversio Strategy.
I founded Rigel with the intention of developing and managing systematic, alpha-generating, strategies by applying 1) my profound interest in global financial markets, 2) my knowledge, and understanding, of alpha generating strategies, and 3) my keen interest in automation.