Sat, Sep 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Jesse Redmond starts hedge fund research and media company named Next Alternatives

Wednesday, January 23, 2013
Opalesque Industry Update- Jesse Redmond, co-founder of Evolved Alpha and Alpha Titans, has unveiled a hedge fund research and media company named Next Alternatives (Next).

The business leverages skills developed during Redmond's fifteen-year investment management career with his passions for media and technology. The initial offering is a hedge fund research service coined On Demand Due Diligence™. Next will evolve into a diversified research and media business in the coming quarters.

Redmond commented, "conceptually, On Demand Due Diligence™, is simple. For a flat fee I conduct a call or meeting with a hedge fund, record it, edit it and send the investor a file they can listen to on a computer, smartphone or tablet. The value lies in my ability to ask questions, the unfiltered responses, professional production and the power of time shifting. Rather than an investor scheduling their day around a call or meeting, they can listen on their schedule. I’m bringing TiVo to due diligence.”

Investors benefit from the over one thousand due diligence meetings Redmond has lead and the significant investment in his recording studio that utilizes the same equipment as professional podcasts and radio shows. Next believes better decisions can be made from listening to a professional meeting, rather than reading pre-fabricated forms completed by analysts or consultants. Redmond finds tremendous value in hearing voice inflection, pauses and other verbal cues a written report can’t capture. An optional transcription service is available for investors seeking a written copy of the meeting.

Next is developing web content, an interactive book and will debut a podcast later this quarter. Redmond elaborated, "all our efforts are inspired by the great Wayne Gretzky quote, 'I skate to where the puck is going to be, not where it has been.' Everything we develop is designed for mobile consumption and not limited to the desktop. We anticipate Next’s content will be consumed on smartphones or tablets as often as desktop computers." iPhone and iPad applications are also under development.

Please follow @nextalts on Twitter for updates on new products. jesse@nextalternatives.com

Press release

Bg

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali