AlphaSimplex Group, LLC
TypeSubsidiary
IndustryInvestment Management
Founded1999 (1999)
Founder
HeadquartersBoston, Massachusetts, U.S.
Key people
Duncan Wilkinson (CEO)
AUMUS$10.9 billion (Q3 2022)
Number of employees
44 (2022)
Parent
Websitewww.alphasimplex.com
Footnotes / references
[1]

AlphaSimplex Group (AlphaSimplex) is an American investment management firm based in Boston. The firm relies on quantitative analysis for its approach to investing.[2][3][4]

On October 20, 2022, it was announced that Natixis Investment Managers would sell AlphaSimplex to Virtus Investment Partners.[5][6] The acquisition completed in April 2023.[7]

Background

AlphaSimplex was founded in 1999 by Andrew Lo.[3][8][9] Lo is a professor of Finance at MIT Sloan School of Management.[8][9][10][11] He was chairman and Chief Investment Strategist of the firm until 2018 when he transitioned to his current role as chairman emeritus and Senior advisor.[11][12][13]

In 2007, Natixis Investment Managers acquired AlphaSimplex.[8][12] In the same year, AlphaSimplex and Credit Suisse launched the first 130–30 fund index.[14]

The firm's most notable funds are its Managed Futures Strategy Fund launched in 2010 and its Global Alternatives Fund launched in 2008.[2][3][4][9][15] Its Managed Futures Strategy Fund uses a quantitative approach to trend following.[2][4][9][11][15] Its Global Alternatives Fund is a mutual fund that provides the strategies and properties of hedge funds to average investors who otherwise would not be able to invest in hedge funds due their strict investor requirements.[3][11] The firm also had a Liquid alternative fund called Diversifying Strategies Fund that was launched in 2009 but closed in 2013 due to poor returns.[16]

The firm is registered with the Commodity Futures Trading Commission as a commodity pool operator (CPO) and commodity trading advisor (CTA).[15][17] Since 2010, flat fee trend following has been its flagship CTA strategy.[15]

References

  1. ↑ "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
  2. 1 2 3 "AlphaSimplex Quant Explains What's Behind Fund's 38% Gain: Q&A". Bloomberg.com. September 10, 2022. Retrieved November 24, 2022.
  3. 1 2 3 4 Gray, Tim (July 11, 2009). "From the Classroom to the Marketplace". The New York Times. ISSN 0362-4331. Retrieved December 2, 2022.
  4. 1 2 3 "Managed Futures Massively Outperforms in 2022". ETF Database. Retrieved December 2, 2022.
  5. ↑ "Virtus to acquire alternatives manager AlphaSimplex from Natixis". Pensions & Investments. October 20, 2022. Retrieved November 24, 2022.
  6. ↑ SCHMITT, WILL (October 21, 2022). "Natixis to sell $11bn alts boutique to Virtus". citywire.com. Retrieved November 24, 2022.
  7. ↑ Larson, Andrew (April 4, 2023). "Virtus Investment Partners closes on acquisition of Boston firm". Hartford Business Journal.
  8. 1 2 3 "Natixis to buy firm managed by MIT's Andrew Lo". Reuters. September 13, 2007. Retrieved November 24, 2022.
  9. 1 2 3 4 Fisher, Daniel. "Managed-Futures Fund Offers Panic Management In A Crisis". Forbes. Retrieved December 2, 2022.
  10. ↑ Gray, Tim (July 11, 2009). "From the Classroom to the Marketplace". The New York Times. ISSN 0362-4331. Retrieved December 2, 2022.
  11. 1 2 3 4 "Ready for anything: Face to Face with Andrew Lo". Pensions & Investments. July 9, 2009. Retrieved December 2, 2022.
  12. 1 2 "Natixis buys firm founded by MIT professor Lo". Pensions & Investments. September 13, 2007. Retrieved November 24, 2022.
  13. ↑ "Supplement dated November 7, 2017 to the Currently Effective Summary Prospectus, Prospectus and Statement of Additional Information". www.sec.gov. Retrieved November 24, 2022.
  14. ↑ "Credit Suisse and AlphaSimplex launch first 130/30 index | Hedgeweek". www.hedgeweek.com. October 3, 2007. Retrieved November 24, 2022.
  15. 1 2 3 4 "AlphaSimplex's Flat Fee Flagship Strategy". thehedgefundjournal.com. Retrieved December 2, 2022.
  16. ↑ Zweig, Jason. "When a 'Liquid-Alt' Fund Loses Steam". WSJ. Retrieved December 2, 2022.
  17. ↑ "BASIC | NFA". www.nfa.futures.org. Retrieved December 2, 2022.
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