Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Horton Point expands into seeding and incubating emerging systematic managers

Wednesday, December 12, 2012
Opalesque Industry Update - Horton Point LLC, a systematic trading firm based in New York, is expanding into the seeding business. Originally built as proprietary trading firm, Horton Point later expanded to include a number of institutional managed account investors. It is now moving into the incubation business and is raising a private equity fund to serve as a seeding vehicle for a number of systematic traders.

“We see large numbers of deeply experienced talented quantitative traders being displaced from large firms. Many are eager to set up their own shops. Their alpha-generation skills are very appealing, but they lack other ingredients necessary to build a successful hedge fund organization”, said Horton Point CEO Dimitri Sogoloff. “We feel we are uniquely positioned to help them in this process”.

As part of its deal with start-up managers, Horton Point plans to provide capital as well as operational, risk management, compliance, and marketing infrastructure. “We are practitioners of systematic trading and have built a robust infrastructure to serve our own needs. It’s been battle-tested since 2007 and has significant excess capacity to take on select outside managers”, added Sogoloff. The managers will also have access to the services of Horton Point’s COO, Chief Risk Officer, and a business development professional.

In preparation for the platform launch, Horton Point has identified a number of managers and begun negotiating terms. TheSoundview Emerging Managers Fund I is set to launch early next year. It will focus exclusively on short-term systematic managers with limited capacity.

Horton Point does not disclose the details of the fund terms other than to say that it will offer very competitive fees and will provide investors with significant minority interests in the underlying managers.

(press release)

About Horton Point: Launched in 2006 as a family office, Horton Point developed a number of systematic strategies which it trades internally as well as for several institutional investors via managed accounts. Its management team which includes CEO, COO, Chief Risk Manager and Head of Business Development, has more than 100 years of combined experience in the alternative investment space.

About Dimitri Sogoloff: A founder and CEO of Horton Point, Mr. Sogoloff was a co-founder and president of a $2 billion multi-strategy hedge fund, from 1992 to 2006. He was also involved in the launch of several successful financial technology companies which currently serve over $300 billion of hedge fund assets.

www.hortonpoint.com

Related article:
14.06.2011 Opalesque Exclusive: Horton Point launches a highly-liquid, algorithmic hedge fund Source

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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to