Thu, Jul 27, 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. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor