ALTERNATIVE INVESTMENT VETERANS TARGET WEALTH ADVISORS WITH NEW FINTECH LAUNCH
EMBARGOED – 00.01 18 September 2017
LONDON – Almas, an alternative investments fintech company, is to be launched in Europe, the Middle East and Asia. It is a new venture formed by U.S. alternative investment veterans, Mark Nichols and Lawrence Newhook, which provides a global platform for investors to access cutting edge, institutional-quality investment products.
Almas will initially begin rolling out to a select number of wealth advisors in late 2017. Comprising an analytical platform with subadvised funds, it is designed to provide intermediaries and their clients with a comprehensive dashboard to evaluate a broad array of alternative and traditional investment opportunities and access elite investment managers across the world in a cost-efficient structure.
Advisors will be given cutting-edge data and analytical tools connected to a roster of exclusive Almas-managed funds. These funds are subadvised by leading alternative investment managers via customized mandates. Access to many of these subadvisors would be otherwise unavailable to global advisors. The Almas Nexus will also provide advisors with business management utilities designed to greatly enhance brokers’ revenues and operational efficiencies.
There is no cost to the intermediary and a significantly lower minimum investment threshold for investors than many of the funds typically require. Through Almas Nexus dashboards, advisors will be empowered to create and backtest bespoke investment products for their end clients by combining Almas-sourced alpha sources with any desired market beta, risk premia or FX overlays. Such investments may be delivered to end clients via direct fund investments or through structured notes.
Mark Nichols, CEO, Almas, said, “In a low-return environment, beset with sustained macro risks, we believe there is an unmet need in the market for wealth advisors and their clients to obtain tailored exposure to elite investment managers across the world. Funds on the Almas platform will be structured to extract unique sources of true alpha from subadvisor strategies and reduce typical systematic sources of return. The net result is cost-efficient access to true alpha for end clients. We see a real opportunity in the UK, due to its well-developed advisor market, and also have plans to grow our business in Continental Europe, the Middle East, and Asia.”
Mr. Nichols added, “With decades of experience in the alternative investment world across our team, I believe one of our USPs is to unearth the emerging generation of investment management talent, not only well-established names. The number of investment products on the platform will grow over time as more high-conviction investment opportunities which fit Almas’ criteria are identified.”
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