Systematic Investment Strategies

Long-short strategies built on factor research and machine learning, designed to deliver uncorrelated returns across equities, futures, and options.

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Factors. Data. Academic Research.

We trade our own capital through systematic long-short strategies across equities, futures, and options and offer the same approach to select investors via tailor-made separately managed accounts. Our work is rooted in factor research, data-driven insights, and machine learning, with strict risk and volatility controls adapted to each investor's mandate.

Proprietary Trading

Trading Our Own Capital

We deploy systematic long-short strategies across equities, futures, and options using the firm's own capital. Our proprietary book operates with higher leverage and volatility targets, serving as the live laboratory for our research and strategy development.

View our track record for quarterly performance updates. For a detailed performance report, get in touch.

Long-Short Equities

Factor-based systematic strategies

Futures & Options

Multi-asset derivatives trading

Risk Management

Systematic risk controls

Machine Learning

Data-driven alpha generation

Track Record

Proprietary Trading Performance · Last update: Q4 2025 · Next update: April 1st, 2026

Disclaimer: The performance results presented represent live trading from Noax Capital's proprietary account at Interactive Brokers. These results do not represent client SMA performance, while client accounts follow the same systematic methodology and have historically shown high correlation with proprietary results, actual client performance may differ due to timing, execution costs, cash flows, and individual account characteristics. Due to the low-capacity nature of the strategy, SMA slots are limited. Past performance is not indicative of future results.

Returns

Cumulative Return (YTD)
Annualized Return
1 Month Return
3 Month Return
Best Month
Worst Month

Risk

Target Volatility25%
Realized Volatility
Sharpe Ratio
Beta (S&P 500)
Correlation (S&P 500)
Max Drawdown

Monthly Returns

YearJanFebMarAprMayJunJulAugSepOctNovDecYTD

Notes: Results from January 1 to May 15, 2025 are paper-traded. All returns are reported net of transaction, financing, and borrowing costs.

For a detailed performance report, get in touch with us.

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Separately Managed Accounts

Systematic Strategies,Tailored to You

Custom-built SMAs for family offices and qualified investors seeking systematic exposure with controlled volatility, low market correlation, and institutional-grade risk management.

Each mandate is designed around your investment objectives, risk tolerance, and operational preferences. We integrate seamlessly with your existing infrastructure—whether you bring your own broker or prefer a turnkey solution.

Advisory services provided through Sapphire Capital EAFI (CNMV 220).

MANDATE CONFIGURATION

Target Volatility65%
ConservativeAggressive
Net Exposure80%
Market NeutralDirectional
Max Drawdown Limit45%
StrictFlexible

Est. Sharpe

1.2

Target Beta

-0.1

Target Ret.

+18%

Customized for your objectives
0+

Years bridging academia and markets

0%

Skin in the game

Fully

Systematic, evidence-based approach

Iván Blanco, PhD

Founder & Director

Iván Blanco, PhD

Over 15 years of experience across financial markets, combining roles in the investment industry and academia. His professional background includes quantitative trading and portfolio management positions at BBVA, Banco Santander, and Arfima Trading (TransMarket Group), with a strong focus on proprietary trading across equities, futures, and options.

His work focuses on the design and implementation of systematic investment strategies, with particular emphasis on machine learning and deep learning applications for mid-term frequency trading and long/short strategies across multiple asset classes.

  • Director and Founder of NOAX CAPITAL
  • Ex-Quant PM at Arfima Trading (TransMarket Group) | Ex-Quant at Banco Santander | Ex-Quant at BBVA
  • Finance Professor at CUNEF & Director of the Master's in Finance
  • PhD in Finance from UC3M | Master's in Finance and Quantitative Methods
  • Aeronautical Engineer from Universidad Politécnica de Madrid

Contact

Interested in our strategies or potential collaboration? Send us a message.

Or reach us directly at:

ivan@noaxcapital.com