Brummer Multi-Strategy invests in the AlphaCrest Systematic Strategies Fund
Brummer & Partners is pleased to announce it is partnering with AlphaCrest Capital Management LLC (AlphaCrest). AlphaCrest is a quantitative research and technology driven systematic trading firm located in New York City, offering investment management services through its suite of hedge funds.
AlphaCrest structures and trades portfolios comprised of global equity securities across developed markets. The firm employs a model-driven systematic approach to trading that is focused around an extensive and continuous empirical research process. Over time, AlphaCrest seeks to generate favourable risk adjusted returns with low correlation to traditional asset classes and market factors.
AlphaCrest was founded in 2013 by Mika Toikka. Prior to founding AlphaCrest, Mr. Toikka was a Managing Director and Head of the Systematic Trading Group within Credit Suisse Asset Management (“CSAM”). Before his tenure at CSAM, Mr. Toikka was a Managing Director and senior member of the management team of the Credit Suisse Proprietary Trading Group within the investment banking division. Prior to Credit Suisse, Mika was employed at Goldman Sachs & Co. and Salomon Brothers. Other members of AlphaCrest include former heads of proprietary trading teams, distinguished academics, researchers, technologists and traders.
– We are pleased to welcome AlphaCrest to the Brummer group as they have a unique and high quality alpha strategy, which will diversify and add value to the BMS portfolio, says Mikael Spångberg, Portfolio Manager and Managing Director of Brummer Multi-Strategy.
– We are excited about AlphaCrest and where they stand today, but also for what they can become and deliver to our investors going forward. As always when we bring new funds on board, we do it with a long-term perspective, Ola Paulsson, CEO of Brummer & Partners adds.
– The long-term perspective of Brummer & Partners has been clear in our discussions over the last couple of months and is precisely what I envisioned for AlphaCrest in a strategic relationship. This, together with Brummer’s global network and infrastructure, as well as the flexibility they offer, made it a perfect match for us, stated Mika Toikka, Managing Principal and CIO of AlphaCrest.
It is anticipated that Brummer Multi-Strategy Master will gradually allocate capital to the AlphaCrest Strategies Offshore Fund Ltd. commencing in September 2018.
For media inquiries, please contact Sara Önfelt at media@brummer.se or telephone
+46 8 505 012 65.
For further information, please contact Mikael Spångberg, Portfolio Manager and Managing Director of Brummer Multi-Strategy at BMS@brummer.se or telephone +46 8 566 214 80.