Sun, May 29, 2016
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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU