Assay
Manager Universe

Redbridge Market Making

Account-Verified

Market-making · BVI · Inception 2021-10

Illustrative — pre-launch sample data, not actual manager performance.
1Y ann.+6.9%
3Y ann.+13.6%
5Y ann.—
10Y ann.—
Sharpe (3Y)0.85
Sortino (3Y)0.77
Max drawdown-6.9%

Cumulative TWR vs benchmark

Monthly, since inception
-33%-1%31%63%95%2021-10Most recent
Manager TWR Benchmark Drawdown

Locked benchmark

T-Bill 3M (USD)

Pre-registered at engagement scoping. Cannot be retroactively changed.

1Y+3.2%
3Y-7.6%
5Y—

Liquidity profile

Median position liquidity$95.0M
AUM$64.0M
Verified history51 months
Raising statusOpen

Strategy

Top-of-book passive market-making across 12 CEX venues. Inventory targets neutral; alpha is from spread capture and rebate optimization.

Composite construction

All discretionary fee-paying accounts following this strategy are included in the composite per GIPS Provision 3.A. The engagement memo enumerates the in-scope entities and any sub-advised accounts that would otherwise meet the discretion criteria but are excluded for documented reasons.

Composite dispersion is reported as the asset-weighted standard deviation of constituent account returns. 3-year ex-post standard deviation is reported once 36 months of composite history is available.

Annual return breakdown

Trailing-window annualized returns. For verified strategies with full calendar-year history we publish calendar-year returns alongside; this preview uses rolling 12-month windows from the most recent month.

Y-3

+18.8%

Y-2

+34.4%

Y-1

+2.1%

Y-0

+6.9%

GIPS-aligned disclosures

  • Returns are presented gross of management and performance fees. Net-of-fee returns available on request and in the LP data room.
  • Composite includes all discretionary fee-paying accounts following the market-making strategy as enumerated in the engagement memo.
  • Benchmark: T-Bill 3M (USD), locked at engagement scoping.
  • Valuation: positions marked at VWAP across qualifying venues. Concentrated illiquid positions subject to liquidity-adjusted fair-value haircut per Assay's methodology.
  • Custody: position custody arrangement disclosed in the engagement memo. Withdrawal permissions are not granted to Assay; we hold read-only access.
  • Past performance is not indicative of future results.

Verification status

Account-Verified. Returns are reconstructed from read-only API and on-chain data. Manager has not yet engaged for full verification.

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