AlphaSimplex Group

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]

AlphaSimplex Group, LLC
TypeSubsidiary
IndustryInvestment Management
Founded1999 (1999)
Founder
Headquarters200 State Street, Boston, 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]

On October 20, 2022, it was announced that Natixis Investment Managers would sell AlphaSimplex to Virtus Investment Partners.[5][6] The deal is expected to be completed by March 2023.[5][6]

Background

AlphaSimplex was founded in 1999 by Andrew Lo.[3][7][8] Lo is a professor of Finance at MIT Sloan School of Management.[7][8][9][10] 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.[10][11][12]

In 2007, Natixis Investment Managers acquired AlphaSimplex.[7][11] In the same year, AlphaSimplex and Credit Suisse launched the first 130–30 fund index.[13]

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][8][14] Its Managed Futures Strategy Fund uses a quantitative approach to trend following.[2][4][8][10][14] 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][10] 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.[15]

The firm is registered with the Commodity Futures Trading Commission as a commodity pool operator (CPO) and commodity trading advisor (CTA).[14][16] Since 2010, flat fee trend following has been its flagship CTA strategy.[14]

References
  1. "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
  2. "AlphaSimplex Quant Explains What's Behind Fund's 38% Gain: Q&A". Bloomberg.com. 2022-09-10. Retrieved 2022-11-24.
  3. Gray, Tim (2009-07-11). "From the Classroom to the Marketplace". The New York Times. ISSN 0362-4331. Retrieved 2022-12-02.
  4. "Managed Futures Massively Outperforms in 2022". ETF Database. Retrieved 2022-12-02.
  5. "Virtus to acquire alternatives manager AlphaSimplex from Natixis". Pensions & Investments. 2022-10-20. Retrieved 2022-11-24.
  6. SCHMITT, WILL (21 October 2022). "Natixis to sell $11bn alts boutique to Virtus". citywire.com. Retrieved 2022-11-24.
  7. "Natixis to buy firm managed by MIT's Andrew Lo". Reuters. 2007-09-13. Retrieved 2022-11-24.
  8. Fisher, Daniel. "Managed-Futures Fund Offers Panic Management In A Crisis". Forbes. Retrieved 2022-12-02.
  9. Gray, Tim (2009-07-11). "From the Classroom to the Marketplace". The New York Times. ISSN 0362-4331. Retrieved 2022-12-02.
  10. "Ready for anything: Face to Face with Andrew Lo". Pensions & Investments. 2009-07-09. Retrieved 2022-12-02.
  11. "Natixis buys firm founded by MIT professor Lo". Pensions & Investments. 2007-09-13. Retrieved 2022-11-24.
  12. "Supplement dated November 7, 2017 to the Currently Effective Summary Prospectus, Prospectus and Statement of Additional Information". www.sec.gov. Retrieved 2022-11-24.
  13. "Credit Suisse and AlphaSimplex launch first 130/30 index | Hedgeweek". www.hedgeweek.com. 2007-10-03. Retrieved 2022-11-24.
  14. "AlphaSimplex's Flat Fee Flagship Strategy". thehedgefundjournal.com. Retrieved 2022-12-02.
  15. Zweig, Jason. "When a 'Liquid-Alt' Fund Loses Steam". WSJ. Retrieved 2022-12-02.
  16. "BASIC | NFA". www.nfa.futures.org. Retrieved 2022-12-02.
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