Wednesday, 28 January 2015
Last updated 4 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…