Sat, Feb 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

MIP Global acquires Chessica A.M., which launches new index options fund

Wednesday, March 12, 2014

amb
Alex Rabinovich
Benedicte Gravrand, Opalesque Geneva for New Managers:

Alex Rabinovich, Managing Director of Chessica Asset Management, announced today that his firm, which he set up with Victor Plotkin in 2009, had been acquired by MIP Global Inc., (aka "Mosaic Investment Partners"), a Washington, DC-based diversified financial services firm with expertise in asset management, wealth management and investment banking.

Lee Weiss, who previously was the President of Fidelity Investments’ Family Office, and who created and led Merrill Lynch’s Private Banking and Investments Group in New York City, founded MIP Global.

"Victor and I are thrilled to be joining with MIP Global," Rabinovich says. "We have found a true partner who is providing us with world class technology, back office and capital raising capabilities, freeing us up to focus on generating top tier investment performance."

Both managers are Russian nationals and former chess masters.

As part of the acquisition, they have launched a new hedge fund, called the Mosaic Premium Fund.

The Premium Fund will employ the same index options premium strategy that they have traded for the past 20 years in separate accounts, Rabinovich says. The Fund’ strategy is based on a proprietary global market momentum......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie