Alpha Innovations Launches by Former Point72 and Wall Street Executives in Bermuda
Boasting a leadership team of decades of experience in asset management, institutional investing, and fintech, Alpha Innovations Ltd., an asset management firm, has officially launched in Bermuda.
The leadership team consists of former Point72, Morgan Stanley, Goldman Sachs, CITIC and Balyasny employees. Together they hope to address challenges many asset management firms face directly by leveraging structural innovation and blockchain technology to offer greater operational efficiency, and significantly reduce risk and fees within a regulatory-compliant framework.
With these value proposition, the company wants to beat the increasing challenges with environmental changes driven by regulators, customer preferences for low-cost investment solutions, and advancing technologies.
Lawrence C. Newhook, CEO, and President, Alpha Innovations said “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.
“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.
Newhook added that “the foundation of any institutional-quality investment management business is strong regulatory oversight and for this reason, we chose Bermuda for our global headquarters
“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 center 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.”