International Standard Asset Management has formed an alliance with Hite Capital Management.
As part of this alliance, Larry Hite, Alex Greyserman, and Gilbert Lee will join ISAM as shareholders and directors.
The development marks an important step in ISAM’s plan to build out a multi-strategy platform of liquid hedge fund strategies and provides a springboard for the launch of ISAM Systematic in April.
This will be followed by the launch of ISAM Fusion Fund, a fund of managed accounts.
ISAM chief executive officer Stanley Fink (pictured) says: “Good business is about good product, good distribution and good infrastructure. ISAM has already developed a rigorous risk management and operational system and this alliance marks the next phase of our strategy to diversify our product offering.”
Hite, known as one of the forefathers of the systematic trading model, was founder of Hite Capital and former co-founder of the commodity trading adviser Mint Investment Management.
