Thursday, 2 October 2014
Last updated 17 hours ago
Oct 4 2007 | 6:29am ET
New York-based AlphaWorks has hired Ivan Feinseth as chief investment officer and portfolio manager in advance of its first offering, an equity market neutral hedge fund, set to debut later this year.
Feinseth is the co-founder of Matrix Investment Research, a money management and investment research firm.
“We are delighted to have a portfolio manager of Ivan’s caliber,” said Ron Resnick, AlphaWorks’ founder and CEO. “Ivan will manage a long/short equity hedge fund driven by an investment process which has garnered numerous Wall Street accolades.”
In addition, Alphaworks has also hired Mark Smith, former senior risk officer at SAC Capital Advisors, as its risk officer and Michael Donohue, a former research associate at Matrix, as its analyst.
AlphaWorks' new offering will focus on U.S. mid-to-large cap companies and combine a quantitative financial analysis model with a qualitative final stock selection process, according to Resnick.
“We’re not a black-box, stat. arb. firm and people are attracted to our unique investment process,” said Resnick, who declined to provide further details on the new offering citing regulatory restrictions.
Resnick formerly served as a managing partner of Highbridge Capital Management before leaving that firm in June of 2006 to found AlphaWorks.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...