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

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.