Income Associates

The firm runs systematic managed futures and global macro strategies. It trades liquid instruments — including equity index futures, government bonds, interest rates, currencies, and commodities — using quantitative models designed to capture persistent risk premia. The approach is rules-based and avoids discretionary directional bets.

Publicly available detail on the founding team is limited. The firm's origins are tied to quantitative researchers with academic backgrounds in finance and statistics. The investment process reflects this heritage, emphasizing empirical research and systematic execution over fundamental analysis.

The firm develops proprietary quantitative models internally, drawing on academic research in asset pricing, behavioral finance, and statistical arbitrage. These models scan global liquid markets for patterns and risk premia that can be harvested through systematic trading — without relying on company-level fundamental research or discretionary calls.

Income Associates operates as a quantitative asset manager, not a family office. It manages external capital through systematic strategies rather than overseeing a single family's wealth. The firm applies academic research to liquid markets, a structure common among quantitative hedge funds and CTAs.

The firm's mandate centers on liquid, exchange-traded and over-the-counter markets — futures, currencies, government bonds, and commodities. There is no public record of direct co-investments, private equity deals, or venture-stage exposure. Its systematic strategies are built for publicly traded instruments where liquidity and price transparency are high.