Ex-Alpha Titans Launch ‘Next Generation’ Multi-Strategy Hedge Fund

May 6 2010 | 10:41am ET

A new hedge fund is seeking to punch well above its weight with what it calls a “significant evolutionary advancement” in multi-strategy vehicles.

Evolved Alpha says it uses an open architecture to include potentially several thousand alpha-return managers on its flagship fund, which boasts more than 3,000 global securities in its portfolio. Under its system, Evolved Alpha will own the underlying securities, “thereby eliminating hedge fund fraud risk and increasing valuation certainty.”

The new firm is the brainchild of Jesse Redmond and Justin Pawl, formerly co-managers of the Alpha Titans Fund.

“We always appreciated the diversification, sophisticated risk management and nimbleness of multistrategy funds such as Millennium and SAC, yet realized the limitations in recruiting and retaining top talent to trade in-house,” Redmond said.

“In the aftermath of 2008, investors rightfully expressed concerns about the liquidity and opaqueness of hedge funds,” Pawl added. “Evolved Alpha specifically addresses these concerns by providing a solution that offers structural, strategy and risk management advantages relative to traditional multi-manager portfolios.”

Morgan Stanley serves as the new firm’s lead prime broker.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of