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 |
Industry Updates
Jesse Redmond starts hedge fund research and media company named Next Alternatives
Wednesday, January 23, 2013
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