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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note