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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...