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Chintan Bhagat

Chintan Bhagat
File:Chintan Bhagat.jpeg Caption
Born	September 25, 1987 (age 29) Mumbai, Maharashtra, India.
Nationality	American
Alma mater	Babson University, Boston, U.S.
Occupation(s)	Investor, hedge fund manager
Known for	Founder of Skyfire Capital LLC

Chintan Bhagat (born September 25, 1987) is an American investor, hedge fund manager, CIO and the founder of investment firm Skyfire Capital LLC, a global macro hedge based in New York .

The young multimillionaire has developed a quant-based trading technology which works on all asset classes such as equities, commodities, currencies and bonds.
“ http://www.mangaltrader.com/soft/chintan/IMG-20170317-WA0031.jpg”- Business India magazine, edition March 13-26,2017 pg 101

In 2017, he was featured in multiple finance periodicals and newspapers next to prominent personalities such as Mr. Mukesh Ambani, among the world’s richest men, highlighting his achievements as an entrepreneur at the young age of twenty-nine.

Early Life and Education

For the 1987 born Chintan Bhagat, was born into the world of financial markets. His great-grandfather started one of India’s oldest broking firms, Mangal Keshav in Mumbai in 1939. Daily exposure to stocks, financial talks and market conjecture have been a core part of his upbringing.

http://globalprimenews.com/2017/02/14/the-eureka-moment-that-changed-the-fortunes-of-an-80-year-old-broking-firm/

His family has had nearly 80 years Financial Markets experience and knowledge.

He did his schooling at the American School in Mumbai and has a Double-Major in Entrepreneurship and Economics Babson College, Boston, USA.

The Quant Algorithm

Inclined toward technology, coupled with a strong lineage of investing in and trading in the markets, Chintan developed a quant-based trading methodology merely at age 27. The trading methodology works seamlessly in a scientific manner.

On the 160th Iteration, Bhagat finally got the algorithm fine-tuned and he was able to test its performance on Global Financial Markets such as Australia, Japan, South Korea, Hong Kong, Europe and U.S.

http://www.afternoondc.in/business/wizkid-creates-magic-at-80-year-old-broking-firm/article_186621

Bhagat’s algorithm is quite unique in many ways. While other algorithms rely on a logic system such as Elliot Wave Theory as a precondition to work, Bhagat’s algorithm which is based on statistics, calculus and probability, only uses price and volume as the inputs into the formula. Since these two inputs will continue to exist at any point in time, the algorithm becomes self-adapting and works perfectly in all market conditions (whether trending or sideways, whether volatile or quiet). It works in real-time so it helps instant decision making as the system monitors changes every second.

http://www.business-standard.com/article/markets/mangal-keshav-introduces-quant-based-commodity-trading-technology-116122200907_1.html

http://www.afternoondc.in/business/wizkid-creates-magic-at-80-year-old-broking-firm/article_186621 The algorithm provides insights and knowledge at one’s fingertips, while giving them full control in terms of making his decision, ideally with a judicious mix of speed, risk and caution.

http://globalprimenews.com/2017/02/14/the-eureka-moment-that-changed-the-fortunes-of-an-80-year-old-broking-firm/

Although the algorithm is automated, Bhagat deliberately has kept it so it gives a buy/sell signal but it does not make the trade automatically. It still requires human discretion to take the final call, ensuring 100% safety.

Reference http://mumbainewsbox.blogspot.com/2017/02/prodigal-son-transforms-80-year-old.html

Personal Life

Bhagat is married and has one child. He has a keen interest in producing electronic music and practices daily meditation.

Investment Career

Chintan has a pedigree of 80 years in the financial markets and coming from a business family in the financial markets. After acquiring the shares of Bank Muscat back, and taking full control of the company, Chintan started his prop-desk out of Dubai in 2013 and started trading in Indian equities.

http://globalprimenews.com/2017/02/14/the-eureka-moment-that-changed-the-fortunes-of-an-80-year-old-broking-firm/

In August 2016, he laid the foundation of SkyFire Capital LLC, trading on the Chicago Board of Trade, Comex and CME trading futures of Gold, Crude Oil, S&P 500, Currency Futures and the U.S. 10-year Treasury note. The quant-based trading methodology has generated great interest, especially from high net worth individuals (HNIs) who have enjoyed stellar returns on their investment. The list of clients has been growing due to the fact that the algorithm works well across asset classes has enabled Insutitions and High Networth Indiviudals to diversify their investments across asset classes.

http://mumbainewsbox.blogspot.com/2017/02/prodigal-son-transforms-80-year-old.html

It is no surprise that the asset under management (AUM) of his firm has more than trebled in the last 3 years.

References

http://www.mangaltrader.com/soft/chintan/IMG-20170317-WA0031.jpg

http://globalprimenews.com/2017/02/14/the-eureka-moment-that-changed-the-fortunes-of-an-80-year-old-broking-firm/

http://www.afternoondc.in/business/wizkid-creates-magic-at-80-year-old-broking-firm/article_186621

http://www.business-standard.com/article/markets/mangal-keshav-introduces-quant-based-commodity-trading-technology-116122200907_1.html

http://mumbainewsbox.blogspot.com/2017/02/prodigal-son-transforms-80-year-old.html