Opalesque Industry Update - International Standard Asset Management (ISAM) today announces that it has formed a Strategic Alliance with Hite Capital Management (HCM).|
As part of this alliance, Larry Hite, Alex Greyserman, and Gilbert Lee will join ISAM as shareholders and directors.
This development marks an important step in the evolution of ISAM’s plan to build out a multi-strategy platform of liquid hedge fund strategies and provides a springboard for the launch of ISAM Systematic in April of this year. This will be followed by the launch of ISAM Fusion Fund, a fund of managed accounts.
ISAM Chief Executive Officer, Stanley Fink said: “Good business is about good product, good distribution and good infrastructure. ISAM has already developed a rigorous risk management and operational system and this alliance marks the next phase of our strategy to diversify our product offering”.
“We are delighted to be teaming up with Larry, Alex and Gilbert whose systems have consistently performed very well and delivered a very impressive track record over the last nine years of trading their own capital.”
Larry Hite, known as one of the forefathers of the systematic trading model, was founder of HCM and former co-founder of the commodity trading advisor Mint Investment Management. Larry commented: “I am pleased to be able to bring my experience to ISAM’s already successful strategy.”
“I have a very high regard for the ISAM team and for Stanley, whom I have known for twenty years, and I am excited to work with him again. I am confident that the combined skills of the enhanced management team will help us to grow the business in a measured and sustainable manner.”
Fink adds: “I have enormous respect for the Hite group and for Larry, especially in terms of his credentials as an investment manager and as an individual. Our alliance is a sign of ISAM’s commitment to invest in the right people and R&D to maintain a competitive advantage.” Corporate website: www.isamfunds.com