Thu, Jun 29, 2017
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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.