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West Palm Beach (HedgeCo.net) – To root out fraud and to give investors increased confidence that their assets are being managed with institutions of integrity and honesty, AlphaMetrix formally introduced AlphaMetrix Financial Investigations, LLC, run by David Fisher, a 24-year veteran of the US Secret Service.
AlphaMetrix is a research and investment platform for managed futures and other liquid alpha strategies with approximately $1.7 billion on the platform.
“Under David’s leadership, the alternative investment company seeks to set a new standard for the due diligence on financial institutions,” the company said in a letter received by HedgeCo, “first focusing on those on the AlphaMetrix platform, and later as a third-party provider of due diligence services.”
Fisher has a strong domestic and international investigative background in financial fraud, background investigations, security planning and electronic crimes. In addition to responsibilities associated with the Secret Service’s well-known role protecting the President, Vice President and visiting Heads of State, Fisher also brings extensive experience from the agency’s core investigative mission into financial institution fraud, computer and telecommunications fraud, false identification documents, access device fraud, advance fee fraud, electronic funds transfers and money laundering.
“AlphaMetrix has always been known for our deep trading manager research capabilities, and the new Financial Investigations group takes that to an even higher level, with comprehensive background checks and reviews of operational risk,” said Aleks Kins, CEO of AlphaMetrix.
“This type of due diligence work takes a consummate professional, so we are particularly excited to have someone of David Fisher’s caliber on board to build AlphaMetrix Financial Investigations into a thriving organization,” he added.
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West Palm Beach (HedgeCo.net) – In an example of how hedge funds and CTAs are turning to third-party administrators with an eye on offering their investors improved transparency, hedge fund and FoHF provider Spectrum Global Fund Administration has teamed up with with AlphaMetrix LLC, a managed futures investment platform.
AlphaMetrix says it chose Spectrum for their "ability to easily provide estimated daily NAVs and to facilitate semi-monthly liquidity, critical differentiators at a time of heightened investor sensitivity regarding alternative investments." The platform will provide investors with access, research and real-time performance reporting to managed futures funds and commodity trading advisors (CTAs).
“The AlphaMetrix value proposition is built on what we call ‘TLC,’ which stands for transparency, liquidity and custody,” said Aleks Kins, founder and CEO of AlphaMetrix. “In partnering with Spectrum, we have selected the only fund administrator that can produce the estimated daily NAV reporting our clients demand, and handle the increased complexity associated with more frequent liquidity.”
Currently, client assets allocated over the AlphaMetrix Platform total approximately $1.7 billion, which includes both direct investments and managed account tracking.
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West Palm Beach (HedgeCo.net)- Hedge fund manager Pali Capital has hired M&A veteran Randal V. Stephenson as a Senior Managing Director and Head of its new Corporate Advisory Group.
"Pali is in the midst of a major, global expansion,” said Brad Reifler, to whom Stephenson will report, "Since we are committed to providing world-class investment banking products and services, we see Randal as a vital part of our plan to build out a competitive mergers and acquisitions practice on a global scale. Randal has the right mix of skills and experience, and we look forward to working with him."
Stephenson will be based in New York and will lead the build-out of a mergers, acquisitions and corporate advisory practice to compliment a broader investment banking platform.
"Pali’s core clients, hedge fund, are among the most active in the global deal market," said Mr. Stephenson, "and are eagerly searching for new opportunities to apply capital and achieve enhanced investor returns. I look forward to helping Pali build a world-class mergers and acquisitions practice that should have no equal in the middle market."
Mr. Stephenson is assembling a team of seasoned bankers with experience in distressed and special situation transactions, as well as cross-border M&A deal experience, particularly in Asia. The team’s services for Pali’s core client base of hedge funds and institutional investors include originating distressed and special-situation opportunities for equity or debt investment, helping funds seek strategic alternatives for underperforming portfolio investments, and assisting and advising in shareholder activism.
Prior to Pali, Stephenson was the Head of Middle Market Mergers & Acquisitions and the Head of Distressed & Special Situations M&A at CIT Group, Inc. Stephenson is a member of the Turnaround Management Association, the American Bankruptcy Institute, and the bars of Massachusetts and New York.
Pali is an independent, global, full-service institutional securities firm and investment bank that has served leading hedge funds and money managers since 1995. The hedge fund manager is headquartered in New York, with offices in London, Singapore, Boston and Minneapolis.
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