The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, January 02, 2019|
Fresh From a Deal, a Liquid Alts Entrepreneur Plans Expansion
A liquid alternatives entrepreneur is planning an expansion after a nearby electronic market maker and quantitative trading shop bought a big stake in his startup.
Through MANG Investments, a subsidiary of LVA Partners Limited, GTS Group now owns 50 percent of Wavelength. Meanwhile, the Wavelength team is "still intact," Dassori says, and Dassori and fellow Wavelength co-founder Mark Landis continue to own stakes in the firm, too. Both firms are based in the same building in New York City.
"Everyone is still very invested in what we're doing," Dassori says. "That was key."
Watch for Dassori and Landis to expand their team, while tapping in to GTS' technology and data. Dassori offers a hint as to where they'll be hiring.
"Data analysis is key in our process," Dassori says. "I could see that being a key area of growth for us."
Dassori praises GTS as a "cultural fit" for Wavelength and "a cutting edge technology firm that's been growing pretty rapidly." Watch for Dassori and Landis to work on new products, anywhere they "would have an edge in technology or in data."
"GTS as a platform opens up many avenues for processing data efficiently and effectively," Dassori says.
GTS also has a great brand, Dassori says, so partnering with them "does open new avenues" in terms of distribution, with both advisors and institutional investors.
Printed from: MFWire.com/story.asp?s=59137
Copyright 2019, InvestmentWires, Inc.
All Rights Reserved