Jeffrey E. Devers, John Michaelson and James R. Hedges, IV have joined forces to found Imperium Partners Group, LLC.
The launch of this new institutional asset management company is designed to offer an array of alternative investment products with varying risk and return profiles.
Devers, Michaelson and Hedges each has a long track record in institutional investment management. Devers is the former president of The Palladin Group, Michaelson was the president of Needham Asset Management, and Hedges founded hedge fund advisory firm LJH Global Investments, which constructs tailored hedge fund portfolios for individual and institutional investors.
"Imperium's focus will be to work with a diversified group of global institutional investors and a select group of wealthy individuals and families who seek a high level of transparency combined with strong research and risk management capabilities," said Devers.
"My partners share with me a vision of a new type of institutional asset management firm for the alternative investment field. In creating Imperium, our goal has been to create a centralized and unified research team to co-manage all of the firm's products. We will be at the forefront of investment industry standards and best practices," said Michaelson.
"Imperium's business model focuses on shareholder value and aligns our team's interests with those of our investors. We have a proven commitment to the institutional marketplace and a record that includes billions of dollars in institutional investment transactions," said Hedges, who heads Imperium's marketing initiatives.