nø cap ventures

industry-, geography- and maturity-agnostic PE boutique building, backing and operating ventures in technology, finance, real estate, art and entertainment.

[kodehyve @kodehyve]

kodehyve sign now runs inside Habiata. ✍️

100+ real estate agencies in Luxembourg already sign with us. now they do it without leaving their CRM.

[BlackShip Capital @BlackShipCap]

April +10%, the largest single-month S&P 500 gain since November 2020. May +5.1%. Roughly +15% in two months with almost no realised vol.

For long volatility, this is the canonical worst case.

[felix hemmerling @hemmerlingfelix]

Fire @ Luxembourg Open Air 🔥

[felix hemmerling @hemmerlingfelix]

Most quant funds look like tech companies. Ours looks like a server room.

5 years live. +76.95% vs +65.56% $SPY. 1.62 Sharpe. -0.07 correlation.

8 AI strategies trading $SPX and $VIX every US cash session. No discretionary PMs. No overrides. Zero.

Here is how 🧵

[kodehyve @kodehyve]

We're shipping a new https://t.co/nqRsaY3l2U today.

[felix hemmerling @hemmerlingfelix]

Sat down with @ThierryLabro at PaperJam to talk about how @kodehyve has evolved over the past two years.

The short version: we got hit hard, restructured, and came out as something better.

Here's what changed 🧵

[felix hemmerling @hemmerlingfelix]

"What does adding BlackShip Capital do to my portfolio's Sharpe?"

Every allocator asks it. The honest answer needs a half-day in Excel if you know what you're doing. Longer if you don't.

So we built the tool.

Upload your daily returns. Six optimisation objectives. Live slider.

[BlackShip Capital @BlackShipCap]

We have shipped a calculation engine for allocators.

Upload your daily returns. Six optimisation objectives. The tool computes the BlackShip Capital allocation that would have optimised the chosen objective over your selected date range.

[felix hemmerling @hemmerlingfelix]

Building cool sh!t with cool teams.

[BlackShip Capital @BlackShipCap]

BlackShip Capital at Cboe Europe – London

[BlackShip Capital @BlackShipCap]

BlackShip Capital at Cboe London – “Options Market Structure in 2025”

The BlackShip Capital team — Gregory Rubio Schmidt (Founder & Managing Partner) and Felix Hemmerling (Co-Founder & Managing Partner) — will be in London for Cboe’s “Options Market Structure in 2025” panel.

[BlackShip Capital @BlackShipCap]

BlackShip Capital Volatility Brief

The Fed’s latest rate cut turned into a fascinating live experiment in volatility. Even when policy shifts are anticipated, the way markets react often reveals subtle but important signals.

🧵 Key observations below

[BlackShip Capital @BlackShipCap]

BlackShip Capital — Systematic Volatility Alpha Across Market Cycles