Sun, Jun 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Stanley Fink’s ISAM forms alliance with Hite Capital, plans launch of systematic fund and fund of managed accounts

Monday, February 22, 2010
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

- FG

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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Barclay Hedge Fund index gains 0.50% in May, 4.13% YTD[more]

    Hedge funds gained 0.50% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13% in 2017. The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10%. The Barclay Technology Index has gained 12.27% in the fi