Wed, Oct 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

As quant funds stumble, a new manager stands out

Tuesday, July 31, 2018

Bailey McCann, Opalesque New York for New Managers:

When Andrew Middlebrooks launched EIA All Weather Alpha Partners last year, he didn't fit the profile of a typical hedge fund manager. He opened his fund in Detroit, not New York, becoming the first minority-owned quantitative hedge fund in Michigan. He also developed his own proprietary research system called GLM Analytics, which analyzes more than 3000 listed stocks and ETFs in real time.

Since the fund's launch in April of 2017, EIA has put up strong performance numbers, catching the eye of many investors. The strategy ended 2017 up 117% and is up approximately 28% through May 31 of this year. The fund was number one in Preqin's top performing relative value strategies hedge funds for 2017, number one in top performing volatility trading hedge funds for 2017, and number one for net returns for Preqin's top performing systematic hedge funds in 2017. The strategy had $600,000 AUM at launch and has grown to approximately $8 million.

Middlebrooks tells Opalesque New Managers that this first year has been a crucial proof of concept. "We put up really strong numbers over the past year," he says. "More people have started to reach out, but more importantly, performance so far this year shows that what we are doing is repeatable."

EIA runs an opportunistic global relative value strategy with a focus on identifying growth co......................

To view our full article Click here

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. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Investing: Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks, U.S. fund investors pull most cash from bonds since February -ICI[more]

    Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks From CNBC: Billionaire hedge fund investor Leon Cooperman confirmed to CNBC on Wednesday that he has personal money in the cannabis industry, noting investments in a few young marijuana companie

  4. Activists: Frustrated GM investors ask what more CEO Barra can do, Hedge funds snap up chunks of struggling Debenhams, Retailer Casino's parent Rallye gets offer for 'Courir' sports arm[more]

    Frustrated GM investors ask what more CEO Barra can do From Reuters: General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. Ahead of third-quarter results due on Oct

  5. Opinion: New York billionaire Catsimatidis on equity investing and cryptocurrencies, Tomilson Hill shares his secret to buying great art that turns into even better investment, Howard Marks says markets are in eighth innings[more]

    New York billionaire Catsimatidis on equity investing and cryptocurrencies From Forbes: John Catsimatidis, whose $3.1 billion fortune lies in extensive real estate, Gristedes supermarkets and a Pennsylvania oil refinery, is serious about his investment portfolio. His goal is a double-digi