Monday, 15 September 2014
Last updated 5 hours ago
Aug 24 2010 | 12:43pm ET
A Moore Capital Management veteran has founded a new hedge fund that will create individual best ideas portfolios for clients.
Stephen Cole has founded AlphaNex Capital, a so-called alpha capture firm, which will use an ideas database to build bespoke portfolios for investors, tailored to their individual risk profiles, Financial News reports. Investors can also direct how the fund invests, with an ability to request exposure to market sectors.
“We intend to offer investors the ability to get involved in alpha capture,” Cole, who spent three years at Moore as an equity business manager before leaving in March, told FN. “We will gather an monitor investment ideas from salespeople at brokers and investment banks. We will come up with a subset of contributors, tailored to each investor’s risk profile and sector bias.”
AlphaNex plans to launch its fund—or funds—early next year. Cole said he is currently building the firm’s models and infrastructure, and that it was too early to give a target size for the vehicle. Initially, AlphaNex will focus on private wealth managers and family offices, only turning to institutional investors after it has built up a track record.
Cole is also not going it alone: Simon Ellis will join the firm as co-head shortly from youDevise, a data company where he served as global sales director.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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