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Alternative Market Briefing

Epsilon Asset Management bets on activists

Monday, October 30, 2017

Bailey McCann, Opalesque New York for New Managers:

A new hedge fund is using big data to understand the minds of top hedge fund managers and offer investors access to their bets. New York-based Epsilon Asset Management launched this summer with $100 million in initial commitments for three strategies that offer a broad, synthetic exposure to the positions of equities managers.

The Epsilon Activist Strategy identifies activist managers, analyzes the top holdings and creates an all-cap basket of stocks that tracks activist positions. The Epsilon Unconstrained Strategy is an index plus approach based on the Russell 1000, that provides a slightly altered sector tilt in order to capture return above the benchmark. The third fund - Epsilon Sector-Balanced Fund is a liquid alternative fund that tracks the S&P 500, but will try to outperform the benchmark with a significant active share and stock selection based on the firm's data analytics process.

"We have a quantitative approach that uses big data signals to take fundamentally oriented positions in the market. Our strategies are generally low turnover," Epsilon co-founder Faryan Amir-Ghassemi tells New Managers.

Epsilon is led by Adam Lavin, Faryan Amir-Ghassemi, and Michael Perlow. The three men met at Novus Partners, a company that provides data analysis of active managers positions and performance to institutional investors.......................

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