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West Palm Beach (HedgeCo.net) – Alternative investment platform, Altegris Investments, has plans to expand their research team under the leadership of Mr. Allen Cheng, an accomplished hedge fund investment professional with extensive industry experience.
Cheng joins Altegris as Managing Director, Research and Investments, and will be a member of the Altegris Investment Committee, with responsibility for evaluating investment strategy and completing product review for the Altegris platform of alternative investments.
"Allen’s breadth of experience in alternative investments, with both major financial institutions as well as private investment firms, complements the deep knowledge base of our research team," said Jon Sundt, President of Altegris Investments. "We are dedicated to maintaining a world-class research team, under Allen’s expert leadership, to accomplish our mission of providing high quality alternative investments to wealth managers and high net worth investors."
Cheng joins Altegris from his recent role as Managing Director, Head of Fund of Funds Portfolio Management at Bank of America’s Alternative Investment Group. He has significant experience in the alternative investment industry, particularly in the area of identifying, selecting, and monitoring hedge fund managers across multiple investment disciplines.
"Altegris offers clients a unique, open-architecture platform of alternative investments, supported by extensive review and ongoing monitoring," said Cheng. "I am energized by the opportunity to join this team specializing in alternative investments and to expand our in-depth research capabilities."
The Altegris team finds, selects and negotiates capacity with selected hedge funds, managed futures funds, and other alternative investments. Currently, investors have allocated more than $2.4 billion in trading level to alternative investments available through the Altegris platform. The Altegris Group of Companies includes Altegris Investments, APM Funds, and other affiliates.
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West Palm Beach (HedgeCo.net)- Investcorp’s hedge fund co-managers said they have raised over $2 billion for their Single Manager Platform. Debuted in 2005, the platform supports emerging talent in the hedge fund industry.
Deepak Gurnani, managing director and co-head of hedge funds said, "Reaching the $2 billion milestone is a testament to the quality of the managers who have partnered with us."
"We’ve tailored the program to the interests of sophisticated institutional investors that want to diversify their hedge fund holdings by including the industry’s rising stars in their portfolios," Ibrahim Gharghour, managing director and co-head of hedge funds added.
Investcorp provides between $50 million and $100 million in seed capital to the managers along with support for marketing and ongoing risk monitoring to avoid style-drift and other operational concerns. Investcorp’s hedge funds team of more than 100 professionals oversees approximately $8 billion in assets under management, of which approximately $2 billion is proprietary capital.
The Single Manager Platform is part of Investcorp’s larger suite of hedge fund solutions, which includes fund of funds, customized portfolios and structured products. Today, it has more than 30 institutional investors in the platform, which comprises six managers with a range of investing strategies.
The six managers currently in the program are Cura Capital Management, a fixed income relative value manager based in New York, Interlachen Capital Group, a multi-strategy firm based in Minneapolis, Silverback Asset Management, a convertible arbitrage focused management firm based in Chapel Hill, North Carolina, Stoneworks Asset Management, a global macro investment platform based in London, Washington Corner Capital Management, a distressed and credit-based investment platform based in Florham Park, New Jersey and WMG Asia, an Asian long/short equity strategy management firm based in Hong Kong.
Hank Murphy is the head of development for the Single Manager Platform.
West Palm Beach (Hedge Co.Net)- The Blackstone Group announced that Aaron Nieman will be launching Blackstone Altius Advisors, a new event-driven strategy focusing on opportunities in the Asia Pacific region. A global, highly experienced investment team will be headquartered in Hong Kong, with additional professionals based in Tokyo, Mumbai, and New York.
Nieman joined Blackstone from S.A.C. Capital Management, where he was a Managing Director in the Canvas Capital Management division.
"As Blackstone continues to aggressively seek opportunities within Asia, Aaron and his team will provide additional investment capability that will bolster our presence in the region." said Antony Leung, Chairman of Blackstone Greater China.
"Blackstone has a superior global alternative investment platform. It also employs some of the best professionals in the industry. The synergies that exist within Blackstone’s various businesses will provide us with a significant advantage investing in the Asia Pacific markets," said Aaron Nieman, Senior Managing Director and Chief Investment Officer of Altius Advisors.
In addition to Blackstone Altius Advisors, Blackstone’s other hedge funds in Asia include its corporate private equity fund (Blackstone Capital Partners), its real estate opportunity fund (Blackstone Real Estate Partners), its fund of hedge funds business and two closed-end mutual funds (The India Fund and The Asia Tigers Fund).
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