This website is intended exclusively for accredited investors as defined under SEC Rule 501 of Regulation D. The information presented herein is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or investment product. Any offering is made only pursuant to Rule 506(b) of Regulation D and only through delivery of definitive offering documents to qualified investors with whom a substantive pre-existing relationship has been established. All investments involve substantial risk, including the potential for complete loss of principal. Past performance is not indicative of future results.
By proceeding, you acknowledge that you meet the definition of an accredited investor under applicable securities laws and that you understand the risks associated with alternative investments. Rogue Wave Alpha Capital Management, LLC is not a registered investment adviser.
Converging the waves big institutions create.
A proprietary four-layer quantitative system built over two decades of live-capital trading. Engineered to detect institutional flows and isolate elite intraday momentum setups before the broader market reacts.
The Rogue Wave Intelligence System™ is a four-layer proprietary framework built over two decades of live-capital trading. Each layer independently filters the full US equity universe. Only candidates that survive all four reach execution.
The methodology is documented in a formal mathematical specification: cross-sectional residualization, quarter-Kelly position sizing, six-state regime classification, and Bayesian prior updating. A regime engine adapts risk parameters, sizing, and entry criteria in real time. Discipline is not a principle. It is architecture.
Seven quantitative factors, price velocity among them, composited into a single precision score to surface elite-tier setups with asymmetric intraday potential.
Detection of block trades, cumulative delta divergence, and options sweep activity reveals institutional positioning before the move is public.
Secondary scoring overlay prioritizes high-conviction, institutionally-participated setups while penalizing speculative noise across all regimes.
Size-controlled layer capturing rare parabolic, high-velocity dislocations where the risk/reward profile justifies measured tactical exposure.
High-conviction candidates only.
Every position is sized on probability-weighted expected value using a quarter-Kelly framework. Progressive stop-loss algorithms lock gains systematically. Maximum risk per trade is capped at 2% of portfolio.
Portfolio-level correlation controls prevent concentrated exposure. A hard intraday loss limit of 3% enforces an automatic circuit breaker. Maximum drawdown target held below 8%.
All positions carry a forced end-of-day exit. No capital is ever exposed to overnight, weekend, or gap risk. The system operates exclusively within regular market hours.
Consistent with institutional practice, the Firm does not publish performance figures on a public website. The portfolio manager's complete live-capital track record is shared with qualified investors in full context during the qualification process.
Two decades of momentum trading across every market regime, presented properly: full return series, methodology, and supporting documentation, delivered alongside the offering materials and walked through directly with the portfolio manager.
Two decades of live-capital momentum trading across every market regime. USC economics. Harvard Business School Executive MBA. United States Navy Intelligence.
Thomas has spent his career studying structural market inefficiencies and engineering proprietary systems to act on them with precision. The Rogue Wave Intelligence System™ is the culmination of that work: a quantitative framework refined across thousands of live trades, multiple capital cycles, and rigorous empirical testing.
His approach combines academic rigor with the pattern recognition that comes only from sustained time in markets. The result is a systematic process built on evidence, not intuition.
University of Southern California
EconomicsHarvard Business School
Executive MBAUnited States Navy
Intelligence20+ Years Live-Capital Momentum Trading
Proprietary Track RecordSerial Founder
UnderSea Energy · Rapidual · Rogue Wave AlphaIntraday momentum is a capacity-constrained strategy: returns decay as assets scale. The Firm is deliberately architected to stay inside the capacity where the opportunity actually exists, and to convert lean structure into speed, alignment, and mandate integrity.
Position size moves markets. The best intraday setups become inaccessible.
A capacity-constrained book enters and exits where scale cannot follow.
Committees, sign-offs, and risk meetings sit between signal and order.
Signal to execution in one system, the same second. The four-layer filter is the committee.
Management fees fund headcount. The fee becomes the business.
A lean cost base keeps the incentive in the performance fee, where investors want it.
Multi-PM books drift toward last quarter's winner.
One documented mandate, executed by rule. It cannot be lobbied.
Departing portfolio managers carry process out the door.
The system is formally specified, retained, and inseparable from the Firm.
Parameter changes route through change management.
Regime shifts are recalibrated the same day.
Large funds hire headcount to manage the problems their size creates. This architecture never creates them.
The standard question for a lean manager is key-person risk. It is answered in the architecture, not in reassurance.
The methodology exists as a formal mathematical specification. The process lives on paper and in code, not solely in one person's head.
Positions close daily by rule. There is never a live book whose safety depends on any individual's availability outside market hours.
Fund administration, annual audit, and custody sit with independent providers disclosed in the offering documents. The manager trades; independents verify.
Rapid policy shifts, geopolitical fragmentation, and rate uncertainty are creating persistent intraday dislocations that systematic momentum strategies are uniquely positioned to capture.
Advances in options flow data, dark pool reporting, and real-time order book transparency have made institutional positioning detectable in ways that were not possible a decade ago.
Most institutional capital is deployed in multi-day or multi-week holding periods. The intraday horizon remains structurally under-allocated, offering persistent opportunity for disciplined systems.
In an environment of gap risk and overnight headline exposure, a strategy that is flat by market close offers genuine portfolio-level diversification for allocators carrying traditional long-biased positions.
The information presented in this section is for informational purposes only and is subject to change. Final terms, fees, and structural details are governed exclusively by the Private Placement Memorandum and Limited Partnership Agreement. Nothing herein constitutes an offer to sell or a solicitation of an offer to buy securities.
The fund is offered under Regulation D, Rule 506(b), and is limited to accredited investors as defined in SEC Rule 501, with a hard cap of 100 investors. Offering documents are delivered only to qualified investors following our qualification process.
Systematic intraday momentum in US equities: a four-layer quantitative filter isolates high-conviction setups, positions are sized on a fractional-Kelly framework, and the book is flat by market close every day.
No. Zero overnight exposure is structural, not discretionary. Every position carries a forced end-of-day exit, which removes overnight gap, weekend, and headline risk entirely.
Three levels. Position: maximum 2% of portfolio at risk per trade with progressive stops. Portfolio: correlation controls and a hard 3% intraday circuit breaker, with a maximum drawdown target below 8%. Structural: no overnight exposure.
The portfolio manager's track record reflects personal live-capital deployment and is unaudited; it is shared with qualified investors in full context during the qualification process. An independent third-party audit of the fund begins with its first full fiscal year, and audited statements will be delivered to investors annually thereafter.
Through architecture rather than assurance. The strategy is fully systematic and documented in a formal mathematical specification. The book is flat by market close every day, so no live positions ever depend on any individual's availability. Fund administration, audit, and custody sit with independent third parties disclosed in the offering documents.
1.5% management fee and 20% performance fee, subject to a high-water mark. The hurdle rate, minimum investment, and full terms are disclosed upon investor qualification and governed by the offering documents.
Subscriptions are accepted quarterly. Redemptions are quarterly with 30 days' written notice. Because the strategy is intraday and holds no illiquid positions, the underlying book itself is fully liquid.
Submit an inquiry below. After a brief qualification review confirming accredited status, qualified investors receive the Private Placement Memorandum and Limited Partnership Agreement through a secure channel, followed by an introductory call with the portfolio manager.
Rogue Wave Alpha Capital Management welcomes inquiries from qualified accredited investors: family offices, high-net-worth individuals, and institutional allocators seeking systematic, risk-managed exposure to momentum-driven equity strategies.
Newport Beach, California
Rogue Wave Alpha Capital Management, LLC
$50,000,000 · Fund I