SOLD!

Online hedge fund and private equity pub FINalternatives has been sold, the New York Times and Crain’s Chicago Business report.

The pub, started by Deirdre Brennan, was bought by the burgeoning media firm The Alpha Pages, founded in 2012 by Jeff Joseph, who in a previous life was managing director of Alternative Strategies for Rydex Investments. He also held managing director positions at Hedgeworld Capital Markets in Rye, New York, and Hedge Fund Research in Chicago.

Joseph also co-founded Prescient Capital Partners, a merchant banking boutique, with Dr. Ron Weiss in 1999. This firm makes direct angel and venture capital investments in early- and mezzanine-stage healthcare, life sciences, Internet, technology, entertainment/media, retail and hospitality companies. Further, in 2007, Joseph founded Prescient Advisors to provide strategic marketing consulting services to private fund issuers looking to help with their messaging, build distribution, raise capital or increase assets under management.

Meanwhile, Alpha Pages, which Joseph and other investors founded in 2012, is the owner of the 43-year old Futures magazine.

Joseph and his colleagues are planning to launch a suite of alts publications, and will launch Alpha Pages magazine as an insert in the 500th issue of Futures in August.

Brennan will continue to manage FINalternatives from London.

This is just the latest in acquisitions of specialty media publishers. Asset International was bought by Genstar Capital in June.  

Edited by: Tommy Fernandez


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