Thu, Aug 16, 2018
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. Hedge fund's Italian raid leaves us in the dark[more]

    From Bloomberg: Ten years on from the financial crisis, bank balance sheets haven't become any simpler to digest for the average investor. Finance firms are big and leveraged; regulations have just become new instruments of complexity. That might suggest a potential windfall for any brainy numb

  2. New Launches: Crescent launches offshore cryptocurrency index fund, Jack Ma's private equity firm raises $2.5bn for latest fund, Franklin Templeton floats alternative investment fund, US giant TCW to launch global AI equity fund, Quantum Energy Partners closes latest fund at $5.6bn[more]

    Crescent launches offshore cryptocurrency index fund Crescent Crypto Asset Management, a cryptocurrency index fund manager led by Goldman Sachs alumni, announced the completion of its Series A financing and launch of its offshore Cayman fund. FBG Capital led the fundraising round with its

  3. Michael Spencer invests $40m in Europe-focused hedge fund[more]

    From the FT: Michael Spencer, chief executive of Nex Group, is backing a hedge fund start-up in London with an investment of about $40m made through his private investment group, according to a person familiar with his plans. The hedge fund, Viewforth Partners, is being launched by Richard Black, a

  4. Investing: Investors haven't been this bullish on U.S. stocks since 2015, U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled, The world's largest hedge fund loads up on Alibaba, An $84bn hedge fund used Facebook's struggles to build a massive stake, Jana Partners jumps back into Facebook, adds stakes in Alibaba, Wells Fargo, Einhorn's Greenlight Capital slashes stakes in Apple, Twitter and Micron,Tiger, Tremblant, Columbus went big on Twitter before earnings[more]

    Investors haven't been this bullish on U.S. stocks since 2015 From Bloomberg: The bull run that has taken U.S. equities to record highs this year may be about to reach its peak, according to the latest survey of fund managers by Bank of America Merrill Lynch. Allocations to U.S. stock

  5. Activists: Elliott lawyer warns Korea better brace for activist funds, Activist hedge fund is seeking operational improvements at the antivirus company, Eddie Lampert details $500m offer for Sears's assets, Nielsen should get a break from the market[more]

    Elliott lawyer warns Korea better brace for activist funds From Bloomberg: The lawyer who advised billionaire Paul Singer in his proxy fight against Samsung Group says he's seeing a surge of interest from activist investors who view South Korea's businesses as potential targets. In