HAWKING ALPHA LLC
TAMPA, FLORIDA

Hawking Alpha believes in starting at the end, by concentrating on proper exits, in pursuit of the best risk adjusted return for the instruments traded, size of the account, and most importantly, client tolerance for risk. Our risk management techniques help to actively balance long-term performance with short-term or intermediate-term volatility, whilst achieving superior long-term performance. Hawking Alpha LLC Hawking Alpha LLC A common theme in multi-strategy funds is that of long/short exposure in different asset classes. In general this creates a risk profile that is significantly lower than simple long-only equity market risk. The diversification benefits of multiple strategies, along with lowering correlation by utilizing different directional strategies, helps to smooth returns and reduce volatility. This is shown by the Dow Jones Long/short index: Hawking Alpha LLC Our Company Hawking Alpha is a capital and risk management business with the sole objective of achieving the best risk-adjusted return for our clients. The company achieves this goal with its deeply integrated global top-down, bottom-up, multi-strategy investment approach that has its core focus on when and where to exit an asset. With its multi-pronged investment process, the management team holds a combined 30 years of experience in modeling, testing, and trading profitably long/short global equities, currencies, futures, and derivatives. Hawking Alpha employs systematic investment strategies tailored specifically to the client’s needs and risk tolerances. Systems are designed to be robustly adaptive and the product suite includes programs in global equities, forex, futures, and options. Paul and Josh first met in 2008 and from that day continued to work together passing along information back and forth while each person was working on their individual pursuits in the financial industry. In 2012, as Mr. King’s non-compete clause was winding down and complete, Josh and Paul joined together to begin working more closely. They both recognized their equal desire to provide value missing in the investment community by generating the best risk adjusted returns possible given client’s objectives and constraints.This continued into 2013 as they built their individual managed accounts together and in 2014 formed Hawking Alpha LLC. Since first working together over ten years ago, Mr. King and Hawes have developed their vision to profit from active participation in electronic markets by utilizing the advances in technology and today's efficient global market access. Trading around the clock in multiple markets and multiple asset classes, in the same manner as a firm like Goldman Sachs, we have a unique blend of exposure to optimal trading strategies and time frames to meet our client's needs. In essence, technology allows Hawking to offer billion dollar fund performance and infrastructure in a boutique setting. It is our goal to implement global strategies, momentum strategies, commodity strategies, market making strategies, and cash strategies in one cohesive, risk-management environment that is tailored specifically to client performance objectives and risk tolerance. Hawking Alpha LLC Mr. King is the Head of Research and Development of Hawking Alpha, as well as an investment manager. Mr. King was an investment manager and managing partner for a proprietary trading operation, Emblumoven LP, a group specializing in long/short trading strategies focused on global equities, currencies, futures, bonds, and derivatives. He continues to provide consulting for multiple financial organizations on their trading strategies as well as front-end asset management products and risk management expertise. Paul’s career started with an education from Staffordshire University, UK, where he earned a Bachelor of Science Information Systems with First Class Honors. From there, he was a systems engineer and project manager AT&T UK. Paul left AT&T to engage in a consulting agreement with Merrill Lynch in their debt derivatives division in Manhattan where his task was to design, test, and deploy a new version of Merrill’s Cash Manager System for the conversion to the new European currency that needed to be deployed in 14 countries. This job included the need for a fully automated regression testing environment as well as a management environment of massive amounts of data. From there Paul then worked with the company made famous by the book Dark Pools: Instinet. After starting on the technology-side of the Transaction Cost Analysis division of the organization, Paul’s work subsequently focussedon the business-side of the Analytical Trading Division. Since leaving Instinet in 2002 to form his own company, he has been the CEO of PMKing Trading LLC, where he manages the task of trading system research, testing, development and automated implementation. Over the last 10 years he has created his own proprietary online trade management software environment called, “Positive Alpha”. Mr. King is noted author of the books “The Complete Guide to Building a Successful Trading Business” and “Protect your Wealth from the Ravages of Inflation.” Paul also holds the Series 65 Investment Managers certification in the US and the Investment Management Certificate Level 3 in the UK. Mr. Hawes is the Risk Officer and Investment Manager of Hawking Alpha. Mr. Hawes founded and ran a 20 million dollar hedge fund in 2010 specializing on a unique long/short strategy utilizing ETF’s and US equities. Implemented in parallel was a complimentary options derivative strategy designed to act as a smoothing mechanism to the equity curve and mitigate draw-downs. From that time he has also been the lead designer of a high frequency trading algorithm designed to be a market neutral automated intraday system on over 1,000 equities simultaneously with an overriding umbrella structure. Currently he continues to run managed accounts for high net worth individuals with his partner Paul King.