Global asset management firm Alpha Innovations Ltd. (“Alpha Innovations” or “AI”) today announced the inception of its Laureates fund platform (“Laureates”), which enables select investment firms to launch new funds quickly and inexpensively with the support of top service providers. This is Alpha Innovations’ second institutional fund platform brought to market in the last two years.
“Launching new funds is known to be an arduous and expensive endeavor. The Laureates platform offers the efficiency and economies of scale afforded by a typical fund platform, but takes it to the next level by accelerating fund launch to within weeks rather than quarters, and by providing uncommon flexibility through the innovative structure we have developed. It can accommodate virtually any type of regulated fund, including both open and closed-ended, SPVs, masters and feeders taxed as U.S. partnerships or corporations, as well as funds marketed toward institutional or retail investors globally” stated Lawrence Newhook, AI’s Chief Executive Officer.
This new platform complements AI’s existing onshore European platform (Alpha Innovations ICAV) and is designed for funds that are not directly marketing into the EU and seek a greater cost-efficiency. “While the platforms were originally built to host funds launched by AI and our subsidiary, AI Global Investors (“AIGI”), we have decided to make them available to select top-tier asset managers, subject to regulatory approval, so that they may benefit from our economies of scale and distribution” noted Nicole Biernat, Chief Operating Officer.
“In addition to the unparalleled flexibility, this new platform provides a far more robust segregation of assets and liabilities than any other type of umbrella fund platform, including Cayman segregated portfolio companies (SPCs)” added Chief Financial Officer, Gene Fisch Jr.
“A considerable amount of thought has gone into the architecture of this platform to enable new funds to launch with the minimum of effort but to give them the greatest amount of optionality, flexibility and a degree of control. Bermuda’s innovative regulatory framework has proved to be very nimble for this structure and we were delighted to work with such a talented team” added Sarah Demerling, Partner at Walkers (Bermuda) Limited.
Mr. Newhook continued “we considered other jurisdictions, but none could compete with Bermuda’s preeminent international reputation and regulatory rigor, which is of utmost importance to our global network of institutional investors.”
Laureates is scheduled to launch its first two funds in the coming weeks, with several additional strategies under consideration for inclusion on the platform in Q1.
About Alpha Innovations Ltd.
Alpha Innovations is a global asset management firm designed to provide institutional investors and high net worth individuals access to diverse sources of true alpha. The core team consists of talent from blue chip firms including Point72, Balyasny Asset Management, Goldman Sachs, and Morgan Stanley. Alpha Innovations serves as the platform manager to The Laureates fund platform and the investment manager to the Alpha Innovations ICAV. The company was founded in 2018 and is headquartered in Bermuda. For more information on Alpha Innovations, visit https://www.alphainnovations.io. Further information on the fund platforms can be found at https://aigi.io/ai-fund-platforms/.
About AI Global Investors (USA) LLC
AI Global Investors (USA) LLC is a New York-based investment advisor which provides turnkey investment management solutions to a growing number of best-in-class portfolio management teams. Founded in 2019, the company is a subsidiary of Alpha Innovations Ltd. For more information, visit http://www.AIGI.io.