Ex-Moore Exec. Plans Alpha Capture Hedge Fund Program

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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...