Wednesday, 22 February 2017
Last updated 1 min ago
Jul 8 2014 | 12:29pm ET
Prime brokerage industry vet and IMATCHATIVE co-founder Sam Hocking has launched an online service to match institutional investors with the hedge funds of their dreams.
AltX is a cloud-based, two-sided, automated network that employs proprietary algorithms and behavioral finance methodology to bring institutions and hedge funds together. The subscription-based platform features 16,000 domestic and international funds which subscribers can evaluate using 30 key investment criteria.
“With the launch of AltX, we are innovating investor due diligence and the capital introductions process in the hedge fund marketplace, which has lagged behind the business-to-consumer sector in the convergence of science and technology,” said Hocking in a statement. “we see infinite opportunities for AltX to advance decision-making, transparency and engagement among hedge funds and investors.”
Headquartered in San Francisco, IMATCHATIVE applies a “Silicon Valley approach to a Wall Street problem,” said Hocking.
AltX is IMATCHATIVE's first product.