AlphaMetrix LLC, founder of the AlphaMetrix Global Marketplace (AGM), has acquired the hedge fund managed account assets of WR Group LLC.
The acquisition of WR's managed account assets across multiple strategies and asset classes will serve to strengthen the depth and breadth of the services AlphaMetrix provides via the Marketplace.
"This is an important example of our ongoing efforts to expand upon AlphaMetrix's already broad offerings to clients and increase the opportunities we provide investors, funds and service providers," says Aleks Kins (pictured), CEO of AlphaMetrix. "We look forward to an integration that is seamless for all clients."
In addition, Patrick Lynch, who previously served as WR Group's head of investment strategy, has joined AlphaMetrix as executive director of business development in New York. He brings to AlphaMetrix more than 25 years of experience in the financial services industry, with a background in fixed-income trading and hedge fund investment management.
In this role, Lynch will report to Mikus Kins, chief product and business development officer at AlphaMetrix in Chicago.