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