Monthly Archives: May 2012
Asset Alliance is prepared to launch the next generation of alternative managers. For the first time, Asset Alliance is offering investors an opportunity to participate in our emerging manager investment program through the Asset Alliance Manager Participation Fund. Asset Alliance is recognized as one of the first companies formed to acquire and seed hedge fund managers. The recent exit of industry capital has created an opportunity to access a large pool of talented managers that are seeking strategic capital. The Fund will place strategic capital with select emerging hedge fund managers and investors will receive revenue sharing interests and the investment return achieved by the managers’ funds. The Fund provides investors participation incentive in the form of a growing annuity stream and potential future monetization of revenue sharing interests from underlying managers (the “Participation Interests”), private equity-like returns with better than private equity liquidity and pricing transparency, access to a select group of diversified emerging managers with higher return potential and access to future capacity rights. Fund capital can be reallocated to other managers as the initial managers mature. Reallocation provides the opportunity to expand the universe of managers from which the fund receives revenue shares. Affiliate managers benefit from seeding or acceleration capital, enhanced marketing reach and access to Asset Alliance’s infrastructure, experience and network.
We provide innovative advisory services to the global investment community. In choosing Asset Alliance, you gain access to the talents and experience of a diverse investment staff dedicated to achieving your goals and objectives. We work closely with you in developing and managing multi-manager multi-strategy products ranging from traditional fund of funds to more innovative and complex structured products incorporating capital protection and other dynamic investment mechanisms. Providing hedge fund products to investors worldwide, our advisory clients include some of the world’s largest financial institutions. To learn more about our advisory services, please contact us at email@example.com or call toll-free (800) 226-6477.
Bruce H. Lipnick
Founder, Chief Executive Officer and Chairman of the Board
Bruce H. Lipnick is Founder, Chief Executive Officer and Chairman of the Board of Directors of Asset Alliance Corporation (“Asset Alliance”). He is also Chairman and Chief Executive Officer of Asset Alliance Advisors, Inc. He has an extensive background in alternative investments with over 38 years of experience in the investment management and financial services industries, and was a pioneer in utilizing various hedging techniques in portfolio management in the early 1970’s through the 1980’s. Among other affiliate manager-related activities, Mr. Lipnick serves on the Board of Directors of Wessex Asset Management Limited, a UK based hedge fund manager as well as on the board of many of Asset Alliance’s subsidiary and sponsored funds. He is also a member of the Asset Alliance Investment Committee, Transaction Structuring Committee and CIO of the Asset Alliance Manager Participation Fund. Prior to founding Asset Alliance, Mr. Lipnick served as principal, general partner and senior executive officer for several investment management organizations including Wharton Management Group, Inc., which he founded in 1982 and also served as president. Mr. Lipnick is a member of the Advisory Council of the Milken Institute California Center and of the Advisory Board of the Eco Power Conference in Brazil. He is also a member of United States House of Representatives Speaker Nancy Pelosi’s Speaker’s Cabinet, and in 2002 he received Ernst and Young’s Entrepreneur of the Year Award. Mr. Lipnick is a supporter of the New Combinations Fund for the New York City Ballet and a supporter of the School of American Ballet at Lincoln Center. He is also a patron of MOMA and the Metropolitan Museum of Art, a past Dinner Chairman of Petra Nemcova’s Happy Hearts Fund and a board member of Hedge Funds Care. In 2008, Mr. Lipnick received the Lifetime Humanitarian Award for Giving from Hedge Funds Care. In May 2011, Mr. Lipnick received the Lifetime Achievement Award from The Young Jewish Professionals (YJP) for his career in the corporate finance world, spanning almost four decades. Earlier in his career, Mr. Lipnick was President and Founder of the Elms Companies and was Vice President of Ladenburg Thalmann & Co., a merchant investment bank, in addition to founding and serving as President of Pierpont Management, Inc., a family office. Mr. Lipnick received a Bachelor of Arts in Finance from Long Island University in 1969. Mr. Lipnick has directly or indirectly owned or operated seats on several major U.S. Securities and Commodities Exchanges. Mr. Lipnick is a member of the Board of Directors for the Federal Enforcement Homeland Security Foundation.
Hedgeharbor Inc., a wholly owned subsidiary of Asset Alliance Corporation that specializes in investment placement services to institutional investors and high net worth individuals, has recently completed their Annual Global Investor Survey.
The survey was designed to gauge investors’ manager and style allocation preferences, analysis procedures and identify overall trends within the hedge fund and alternative investment industry. Respondents included public and private pensions, foundations and endowments, funds of funds, private banks, investment consultants, family offices and high net worth individuals globally.
“Despite a difficult market environment in 2011, investors remain resilient in their convictions that alternatives will outperform in 2012” said Arnold Mintz, President of Asset Alliance and Global Head of Hedgeharbor, “Market challenges, however, underscore the need to engage investors with a solutions-based approach that emphasizes finding managers who not only have investment expertise and stellar track records, but also the infrastructure and capabilities to serve the changing needs and requirements of investors.”
“Investors are increasingly turning to smaller managers to find performance” said Mintz, “As several large blue-chip managers faltered this year, we saw interest in managers overseeing less than $100 million under management increase significantly. The percentage of survey respondents who would be willing to look at managers with less than $25 million of assets doubled from last year’s responses.”
Survey questions address such topics as: favored investment strategies, anticipated future performance of certain strategies, track record and AUM requirements, methods of access, as well as various analytical factors that are most highly regarded throughout the due diligence process.
Some key survey highlights include:
- The most respondents believe that Commodity Trading Advisors will be the best performers of 2012.
- Investor interest in smaller managers increased greatly from last year.
- Investors favored managed accounts over institutional platforms compared to 2010.
- An overwhelming majority of investors believe hedge funds will outperform in the coming year, but a slightly larger percentage of investors than last year believe they will underperform traditional asset classes.
Hedgeharbor has made the results of their survey available free of charge via their website www.hedgeharbor.com/survey
About Hedge Harbor:
With offices in New York and London, Hedge Harbor undertakes a range of activities including placement services of actively managed funds and direct investments in the alternative investment industry. Hedge Harbor aims to be a leader in the investment product placement business, by bridging the gap between global investment managers and institutional and high net worth clients throughout the world’s financial centers. Hedge Harbor Inc. is a member of FINRA. Hedge Harbor Limited is an appointed representative of Asset Alliance International (UK) Ltd., an entity regulated by the FSA.
About Asset Alliance:
Asset Alliance Corporation, founded in 1996 and headquartered in New York, is a privately held company that assists and invests in diversified alternative asset management firms, and provides specialized alternative investment products and services to institutions and high-net-worth individuals. London-based Asset Alliance International (UK), Ltd. continues to expand the firm’s global presence through manager research, joint ventures and the development and distribution of specialized products throughout Europe, Asia and the Middle East. For more information please visit www.assetalliance.com
Asset Alliance announces joint venture with Prospect 33 to market its PARS risk transparency system.
Asset Alliance Corporation, a New York and London based Investment Management Company, announced today its agreement with Prospect 33, a New York and London based Information Technology Consulting practice, to co-market and offer to interested parties Asset Alliance’s internally developed risk transparency software called PARS – Position Aggregation and Reporting System.
“This highly developed software combines position aggregation with reporting functionalities and thus allows risk managers and analysts to extract more value from position level transparency,” said Elliot Noma, PhD, the Chief Risk Advisor to Asset Alliance Corporation.
Having successfully developed and used PARS internally for several years, Asset Alliance is now making it available to other investment management firms as a product that works with position level transparency to portfolios of multiple accounts. The system allows users to download, on a daily basis, portfolio holdings from multiple prime broker accounts and produces a variety of user friendly reports designed to better understand and monitor risk exposures on an account and firm-wide basis.
Prospect 33 will provide technical support to the users of PARS and will offer a high level of customization of the system to meet each client’s unique portfolio monitoring needs. Prospect 33 is a leading provider of information technology and consulting services to the investment management firms.
Prospect 33 will be a sponsor at the Hedge Fund Compliance & Risk event on December 2, 2009 at Bayards in New York, NY. All attendees will be able to get a first look at PARS.
About Asset Alliance:
Asset Alliance Corporation, founded in 1996 and headquartered in New York is an investment management holding company that assists and invests in diversified alternative asset management firms, and provides specialized alternative investment products and services to institutions and high-net-worth individuals. Through its New York-based subsidiary, Hedge Harbor Inc., its London-based subsidiary, Hedge Harbor, Ltd., as well as its Dubai-based subsidiary, Capintro Partners Ltd. the company provides joint venture opportunities and distribution of specialized products throughout Europe, Asia and the Middle East. For more information please visit assetalliance.com or hedgeharbor.com.
About Prospect 33:
Prospect 33 is a New York and London based Information Technology Consulting practice delivering services to the Investment Management community. Prospect 33 clients trade a wide range of asset classes and derivatives and utilize a significant cross section of technological platforms. Prospect 33’s distinct emphasis on onshore service centers enables us to eliminate many of the complex communicative issues that occur when dealing with disconnected global service centers. For more information please visit prospect33.com.
Investment management firm Asset Alliance Corporation, has expanded their initial foray into the investment placement and research arena with the launch of two sales and distribution companies. AssetAlliance, which launched Capintro Partners Limited inDubai last year, will now have additional teams in bothNew York andLondon with companies Hedge Harbor Inc. and Hedge Harbor Limited. The three companies, which will work to cover opportunities in the largest global investment markets in the world, will be known collectively asHedgeHarbor.
HedgeHarbor, designed as an investment placement company, will “represent best of breed managers across many strategies,” Arnold Mintz, Co-Founder and COO of Asset Alliance and Global Head of Hedge Harbor said. The company takes a consultant approach to the investment placement business. “We are involved in providing detailed analysis of the investment process, manager infrastructure, and the risk management profile. We provide a complete turnkey analysis of a managers skill set, capability, and performance. We only seek to represent a select few managers and work with them to achieve their goals of raising substantial assets from long–term investors.”
Up and coming focus: MENA markets
In a Deutsche Bank study released earlier this year, the Middle East/North Africa (MENA) region was deemed by those surveyed to be the likely top performing region in 2008 (Source). Mintz and Bob Stearns, Senior Managing Director of Hedge Harbor NY, echoed this opinion as they spoke with Opalesque. “Last year that region had very high, double digit returns and this year, while off from that performance, the region is still growth oriented and opportunistic, and benefits from the substantial wealth generated from oil exploration and oil wealth,” Mintz said.
Stearns commented, “One of the interesting things about the MENA region is that it is much like the Gold Rush in theUnited Statesduring the 1800’s”. “In the gold rush days a lot of money was made by the guys selling picks and shovels, it was an infrastructure play. A similar situation exists in the MENA region now – where you have a lot of oil money being reinvested into construction projects and technology and various other industries. It is an interesting play, without having the downside correlations of oil you have the benefit of the boom of the region.”
HedgeHarborcurrently represents a MENA fund. The manager, with approximately $100m in assets, runs a long/short equity fund, dedicated to the region. “They invest in a wide range of instruments including listed and unlisted equities, debt securities, options, warrants and other derivative instruments“.
HedgeHarbor’s relationship with parent company Asset Alliance, which, together with its affiliate managers, has approximately $3.5bln under management and has been taking equity stakes in hedge funds since 1996, will also provide the opportunity of cross promotion between the two platforms. As Asset Alliance seeds new managers,HedgeHarbor will have the opportunity to review and evaluate them for possible early client investments, and those managers whichHedgeHarbor finds may be evaluated by Asset Alliance for equity stakes.
The HedgeHarborteam begins representing hedge funds, but expects to expand their business distribution capabilities into venture capital, private equity and real estate. Contact information: contact: Info@Hharbor.com