An NY Liquid Alts Team Hunts After Passing $2.5B
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Monday, October 29, 2018

An NY Liquid Alts Team Hunts After Passing $2.5B

An Empire State liquid alts team is on the hunt for more subadvisors and prepping more mutual funds after recently crossing the $2.5-billion AUM line.

"We do have a couple of funds in the works," Jerry Szilagyi, principal and CEO at AlphaCentric [profile], tells MFWire. A credit and interest rate-hedged municipal bond fund is already in registration, he says, but the other funds aren't quite as far along.

AlphaCentric's AUM has risen by 150 percent in the past 13 months, confirms Mark Kamies, managing member and co-founder of the Huntington, New York-based shop. The firm launched in 2014 and now offers six funds, including its flagship AlphaCentric Income Opportunities Fund.

"We are committed to offering products that provide diversification and utilize unique investment strategies, while attempting to mitigate risk," Kamies states.

Five of AlphaCentric's six funds are subadvised, and the firm currently works with three subadvisors. Yet, the firm (which is led by a management committee of Kamies, Szilagyi, and four other partners) is open to adding more subadvisors.

"We are looking for other product," Szilagyi says.

On the hiring front, AlphaCentric has "no open requisitions at this point," Szilagyi says. Yet they "may bring in another investment and operations person," he adds.

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