Alpha Innovations, a Bermuda-based asset manager, has launched. Lawrence C. Newhook is serving as CEO and president.
Hamilton, Bermuda – October 17, 2018 – Alpha Innovations Ltd. (“Alpha Innovations”), a global asset management firm, today announced its official launch and the establishment of its headquarters in Bermuda. The firm’s leadership team has decades of experience in asset management, institutional investing, and fintech from such blue-chip firms as Point72, Morgan Stanley, Goldman Sachs, CITIC and Balyasny.
According to Deloitte, many asset management firms today face increasing challenges with environmental changes driven by regulators, customer preferences for low-cost investment solutions, and advancing technologies. Alpha Innovations, the brainchild of leading financial executives, saw an opportunity to address these challenges directly by leveraging structural innovation and blockchain technology to offer greater operational efficiency, and significantly reduce risk and fees within a regulatory-compliant framework.
“A key lesson from my 12 years at Point72 was never to compromise on the talent, which is one of the basic tenets on which we are building Alpha Innovations. Our management team has worked in the financial markets through numerous up and down cycles and is also well versed in the potential of blockchain technology,” said Lawrence C. Newhook, CEO and President, Alpha Innovations. “We’ve built an asset management firm that solves many of the legacy issues that make traditional asset management funds unappealing. We are ready to lead the industry into the future and provide compelling investment options that inspire institutional investors to put their capital to work.”
Alpha Innovations’ core directive is to identify unique sources of alpha in investment strategies, isolate and extract that alpha, and deliver it to its investors (institutional investors, high net worth individuals, and family offices) through a framework which affords greater oversight and governance than what was traditionally available, and enables institutional investors to fulfill their fiduciary responsibilities. This includes addressing such investment imperatives as transparency, custody/control of assets, fee efficiency, liquidity, risk management, and strict regulatory compliance.
“The foundation of any institutional-quality investment management business is strong regulatory oversight and for this reason, we chose Bermuda for our global headquarters,” said Newhook. “Bermuda has a sterling regulatory reputation in the asset management industry and established laws to govern blockchain business. In short, Bermuda is where the funds industry and blockchain meet, and was therefore the perfect jurisdiction for Alpha Innovations.”
“Our government has pioneered legislation to put Bermuda at the forefront of the blockchain revolution, and Alpha Innovations is exactly the type of cutting-edge company we are looking to attract,” said Premier of Bermuda, the Hon. David Burt, JP, MP. “Bermuda has long been a respected centre for funds, and now we can be a jurisdiction for new technologies allowing the trade of digitized assets. We welcome Alpha Innovations, and invite the evolving asset-management industry to choose Bermuda as a global platform for business.”
About Alpha Innovations
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, Morgan Stanley, and CITIC. The company was founded in 2018 and is headquartered in Bermuda. For more information, visit www.alphainnovations.io.