A catenary is the curve that an idealized hanging chain or cable assumes under its own weight when supported only at its ends.  This curve has a U-like shape, similar in appearance to a parabola but it is not a parabola.

 
At Catenary, we build portfolios consisting of niche, disparate and uncorrelated investment strategies. By linking these strategies together through rigorous, quantitative portfolio construction, we believe we can create portfolios that deliver stable, attractive returns in normal times with rising returns during market tail events, rather like the U of a catenary curve.