Systematic Long/Short Equity · Separately Managed Accounts
Systematic Long/Short Equity for Sophisticated Allocators
Noax runs systematic, factor-driven long/short equity. We open it to a select group of institutional allocators, family offices and advisors as a separately managed account: an uncorrelated sleeve calibrated to your book, run on the same models we trade with our own capital.
THE ENGINE
Factor Research
Signals from peer-reviewed academic research
Machine Learning
Applied to signal construction and sizing
Long/Short Equity
Systematic equity, weekly rebalance, futures overlay
Risk Engineering
Disciplined, rules-based risk control
Factors. Data. Academic Research.
Systematic long/short equity, opened to a select group of institutional allocators, family offices and advisors as separately managed accounts.
The Engine
Built on academic factor research, machine learning, and disciplined, rules-based risk controls.
The Mandates
We open our systematic long/short equity strategy to a select few institutional allocators, family offices and advisors as a separately managed account: an uncorrelated sleeve calibrated to your book. The same models run on our own capital, so our incentives are aligned with yours.
A Diversifying Sleeve,Calibrated to Your Book
Our systematic, mid-frequency long/short equity strategy, opened to a select group of institutional allocators, family offices, wealth advisors and asset managers. Each mandate adds an uncorrelated return stream to portfolios that already hold traditional equity and fixed-income exposure, built around your risk budget, factor exposures and operational constraints, and delivered as a separately managed account with full transparency.
The same models run on our own capital, so our incentives stay aligned with yours. Every mandate always carries a tilt to small caps, a meaningful source of its diversifying edge and part of what keeps capacity deliberately limited.
Advisory services provided through Sapphire Capital EAFI (CNMV 220).
CALIBRATED TO YOUR MANDATE
Volatility
Net Exposure
Drawdown Control
Track Record
Live SMA Client Track Record — Unleveraged (1× gross), EUR · Inception: July 1, 2025 · Updated weekly · Last update: Loading...
Strategy: Systematic long/short equity. Factor-driven, mid-frequency, with weekly rebalancing and dynamically managed net exposure. A futures overlay is deployed selectively as a directional hedge when the model warrants. Figures shown are the systematic strategy currently running live in client SMA mandates, on an unleveraged basis (1× gross exposure), in EUR— the return on gross exposure, neutral to client capital contributions and withdrawals. Applying leverage scales return and risk proportionally.
Every quarter since inception is documented in a full report: attribution, exposures, risk and benchmark comparisons.
View quarterly reportsReturns
Loading...
Risk
Loading...
Monthly Returns
Loading...
Notes: Track record of the systematic strategy as run live in client SMA mandates, from July 1, 2025 (first full month), shown unleveraged (1× gross exposure) in EUR — the return on gross exposure, independent of client capital flows. All returns are net of transaction, financing, and borrowing costs, computed on the time-weighted return series. Target volatility 8.2%. Past performance is not indicative of future results.
Interested in a Systematic Mandate?
We run one systematic long/short equity strategy as separately managed accounts for institutional allocators and family offices, calibrated to your risk objectives — the same models we run on our own capital. Capacity is deliberately limited. Reach out to start a conversation.
Request a Mandate ProposalReport Archive
One report per quarter since inception on 1 July 2025, covering performance, risk, attribution and exposures for the systematic long/short equity strategy as run live in client SMA mandates. Every quarter is published, whatever the quarter did.
| Quarter | Period | Quarter return | Report |
|---|---|---|---|
| Q2 2026Apr – Jun 2026 | 1 April – 30 June 2026 | +8.2% | |
| Q1 2026Jan – Mar 2026 | 1 January – 31 March 2026 | +1.5% | |
| Q4 2025Oct – Dec 2025 | 1 October – 31 December 2025 | +1.6% | |
| Q3 2025Jul – Sep 2025 | 1 July – 30 September 2025 | −0.8% |
Quarter return is the compounded return over the three months shown, unleveraged (1× gross exposure), in EUR, gross of management and performance fees and net of all transaction, financing and borrowing costs. Since-inception return, volatility and risk statistics are in the Track Record section above and in each report.
Report links open the PDF in a new tab. Reports are published without registration. For professional and qualified investors only. Advisory services provided through Sapphire Capital EAFI (CNMV registration 220). Past performance is not indicative of future results.
15+ years bridging peer-reviewed research and live markets. Systematic long/short equity, aligned through our own book.
Founder & Director
Iván Blanco, PhD
Over 15 years bridging quantitative research and live trading in systematic equity. He leads the research behind every strategy and runs the same models on the firm's own capital.
“Rigorous factor research, applied with the discipline of someone who has lived through every regime, every drawdown, and every model failure a real book can throw at you.”
Markets
- Ex-Quant PM, Arfima Trading (TransMarket Group)
- Ex-Quant, Banco Santander
- Ex-Quant, BBVA
Academia & Research
- Associate Professor of Finance, CUNEF Universidad
- Director, Master in Finance
- Published in the Journal of Financial Economics, The Accounting Review, Journal of Corporate Finance, and Journal of Empirical Finance
Education
- PhD in Finance, UC3M
- MSc Finance & Quantitative Methods
- Aeronautical Engineer, UPM
Get in Touch
Whether you're an allocator exploring a mandate or a researcher who wants to work with us, we respond personally within 48 hours.
How it works
Conversation
A 30-minute call to understand your portfolio context, return objectives and constraints.
Proposal
A bespoke mandate calibration: capacity tier, risk budget, volatility target, factor exposure profile.
Onboarding
Full transparency through due diligence. SMA setup with your custodian. Live monitoring from day one.