Sun, Mar 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2013

Servicer' Spot - Alpha Cooperative: outsourcing is becoming a more commonplace

Julie Corcoran

The Alpha Cooperative LLC (TAC)'s role is to provide institutional infrastructure for managers and investors in the alternative investment industry. An institutional infrastructure here consists of personnel and technology in accounting, operations, compliance, risk and investor relations.

"We provide operational infrastructure to primarily emerging hedge fund managers," Julie Corcoran, TAC's Director of Business Development, told New Managers. "There is a real attraction to emerging managers but investors just can't get comfortable with their operations. So it's bridging the gap between what the managers can reasonably provide and what the investors are expecting."

The technology offerings are done through third parties, but TAC otherwise does the heavy lifting in-house, she adds.

TAC, which fee is asset-based, is currently working with a few startup managers right now, Corcoran says: "Two of our clients are in the startup phases and are going to be launching in the next month or two. We have done everything from reviewing CRM systems, vetting out their prime brokers, helping get their offering documents in order working with their attorney, and serving as liaison between the service providers negotiating contracts and pricing."

The New York-based boutique is new itself, having launched in 2011. The nine-person team comes from the hedge fund space and worked with small managers in various roles, Corcoran explains. The two founders both successfully launched their own funds and experienced the typical initial back-office requirements. But when returns were flat and assets decreased, they struggled "to support that fixed cost operational structure on a variable income."

"Ev......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie