When Alpha Strategic PLC launched as an AIM-listed UK company
in 2005, it could have been overlooked as one more small
company with a nice idea.
|Jon Little and Nicola Meaden
But the man behind the idea was Colin Barrow, who had
previously built up the fund operation at Man Group,
Europe’s largest listed hedge fund firm. Barrow,
who is Alpha Strategic’s chairman, wanted to
create a new type of hedge fund business, but this time by
doing innovative 'cash for revenue-share’ deals
with top-tier managers.
To prove the point, Alpha Strategic’s first
move was a headline-grabbing deal with Winton Capital
Management, the systematic trading firm founded by David
Harding. There followed a similar deal with 12-year-old
quantitative trader IKOS Asset Management.
At issue, as Alpha Strategic’s management sees
it, is the future of multi-manager investing. Their aim is to
build up a...