Epsilon Asset Management Raises $100M For Three Equity Strategies

Aug 17 2017 | 9:38pm ET

Former Clovis Capital CEO William Cline is part of a group that has seeded new alternative asset manager Epsilon Asset Management with $100 million in committed capital. 

Other backers for the equity-focused manager include Novis Partners executives Adam Lavin, Faryan Amir-Ghassemi, and Michael Perlow, according to a statement. The company is focused on analyzing public regulatory filings of active asset managers to create systematic, alpha-oriented portfolios, and has launched with three U.S. equity strategies:

  • The company’s Epsilon Activist Strategy is geared towards identifying top activist managers and their top publicly disclosed positions, delivering a liquid and diversified access point to premium activist exposure. The portfolio averages 35-45 securities, diversified across market capitalizations mirroring the broader U.S. equity market. 
  • The Epsilon Sector-Balanced Fund is an open ended mutual fund scheduled to launch in September. It will be comprised of 50 securities, which match the market capitalization and sector characteristics of the S&P 500. The fund aims to generate outperformance against the benchmark through superior security selection and meaningful active share. The fund will be distributed through Northern Lights, Epsilon added. 
  • The Epsilon Unconstrained Strategy is a 30-security strategy that leverages Epsilon’s flagship statistical algorithm and is unconstrained from benchmarks or basis risk parameters. This strategy is accessible through separately managed accounts.

Based in New York and founded earlier this year, Epsilon Asset Management aims to harness the collective brilliance of active-management research into a rules-based approach to portfolio management. The company’s portfolios seek to capture the top quartile of long-equity alpha visible across all active managers.

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