New York
The Alcova Mosaic Fund has been running since February 2013. The fund draws heavily on their portfolio manager’s experience building and running proprietary trading businesses. The fund seeks to uncover alpha as well as aiming to monetise inefficiencies resulting from the commoditisation of alpha, risk and execution techniques.
Alcova believes that there is commoditisation in research and implementation techniques, leading to overcrowding intraditional strategies. Alcova attempts to understand that, and to capitalise upon these with its microstructureinformed infrastructure. Alcova attempts to achieve a low correlation to other hedge fund indices and broad markets, specifically in times of stress.
Essential to the process is quantitative and qualitative understanding of diverse alpha types including what influences them and where they are in their life cycle. Once this is understood, the strategy can leverage proprietary implementation methods in an effort to integrate and get tactical exposure to the desired alpha. The strategy utilises a multi-strategy approach to trade global liquid instruments with a holding period from intraday to several months.
Fund Details