Sat, Sep 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AlphaMetrix announces first multi-administrator hedge fund platform, and acquisition of Spectrum Global Fund Administration

Tuesday, December 14, 2010
Opalesque Industry Update - AlphaMetrix today announced the acquisition of Spectrum Global Fund Administration, creating the world's largest independent full-service hedge fund platform, with approximately $20 billion in client assets and more than 100 managers. Terms of the acquisition were not disclosed.

With the acquisition, AlphaMetrix also introduced the world’s first multi-administrator hedge fund platform, which allows investors to choose from a pre-approved list of administrators. Among the administrator options is AlphaMetrix360, formed by the acquisition of Spectrum and both firms’ proprietary technologies. The integrated offering will lower platform costs to investors, providing a consolidated base cost for both platform and administration (including daily NAV calculation) of 20 basis points combined.

“AlphaMetrix’s goal is nothing short of revolutionizing hedge fund investing,” said Aleks Kins, CEO. “We constantly strive to give investors the tools they need to maximize returns and minimize risk, with entirely new services and lower costs for improved governance.”

AlphaMetrix made this move to:

1) Strengthen its model of manager governance, which relies on position-level transparency, cash flow controls stemming from a network of multiple unrelated service providers, and near real-time technology;

2) Further empower investors by providing efficient and transparent access to even more top-tier managers while delivering enhanced near real-time reporting and portfolio tools;

3) Reduce service provider costs for investors and managers by offering base platform and administration services, including daily NAV calculation, for just 20 basis points; and

4) Provide managers with access to the AlphaMetrix Investor Network of over 12,000 institutional and HNW investors.

AlphaMetrix is also providing institutional and high net worth investors with more hedge fund investment services via the AlphaMetrix Hedge Fund Platform. AlphaMetrix, which historically has serviced Separate Manage Accounts (SMAs) for large investors and Pooled Managed Accounts (PMAs), will now support a third option: Governed Hedge Funds (GHFs). A GHF leverages AlphaMetrix’s multi-administrator model and proprietary technology to provide its investors with greater governance and near real-time transparency.

“In order to build what amounts to the first true cost-effective governance platform for hedge funds, AlphaMetrix realized that integration with Spectrum Global Fund Administration was an ideal fit,” said David Young, COO of AlphaMetrix and former president of Spectrum. “In short, AlphaMetrix has spent years developing proprietary technology for front and middle office operations, with a focus on near real-time investor reporting, risk management and portfolio tools, while Spectrum has spent the last 12 years building its own proprietary back-office general ledger and reporting technology.”

Combined, the technologies offer the first available straight-through-processing capabilities from trade to portfolio management, which means AlphaMetrix can provide investors with a fully loaded daily NAV and all of the services of a Platform (transparency, risk management, due diligence, research and portfolio tools) for the efficient base cost of 20bps.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N