AlphaWorks Readies Maiden Hedge Fund

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.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note