HC Capital Advisors Platform Takes Multi-Manager Approach to Quantitative Investing
Investcorp, a leading global provider and manager of alternative investment products, and HC Technologies, LLC (“HC Tech”), a global technology-driven quantitative and algorithmic trading firm, jointly announced that they are partnering together to launch HC Capital Advisors. Founded in 2007, HC Tech is well-known for investing in industry-leading technology and trading, ranking #1 in trading FX in North America for the last two years, according to Euromoney Magazine. Financial terms of the partnership were not disclosed.
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HC Capital Advisors is a multi-manager platform that allows its portfolio managers to leverage HC Tech’s established proprietary technology, enhanced trading solutions and extensive network of data resources coupled with Investcorp’s strong distribution capabilities and its Absolute Return Investments team’s experience growing successful hedge fund businesses. Together, Investcorp’s Absolute Return Investments business and HC Tech will support new quantitative hedge fund strategies run by professionals on the HC Capital Advisors platform to invest across a wide range of asset classes.
“HC Tech is a leader in data-driven strategies with innovative technology and highly talented people,” said Lionel Erdely, Head and Chief Investment Officer of Absolute Return Investments for Investcorp. “We are excited to collaborate with HC Tech as part of our Hedge Fund Partnerships platform and look forward to providing clients with access to differentiated and uncorrelated macro systematic strategies that combine hard-to-access segments of the FX markets with global futures.”
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“We are pleased to partner with Investcorp as we develop the HC Capital Advisors Platform,” said Joe Niciforo, Managing Partner and CEO of HC Tech. “This partnership allows us to capitalize on our trading strategies and achieve our next phase of growth by leveraging Investcorp’s global resources. As we continue to expand, we remain focused on the key differentiators that have enabled our success by attracting top talent and bringing a nimble, diverse, strategic approach to trading.”
Investcorp Absolute Return Investments’ Hedge Funds Partnership platform was launched in December 2004 to provide investors access to select investment talent with the backing of an institutional platform. Through this program, Investcorp works with select partners to provide initial investment capital and distribution capabilities to managers with proven track records and differentiated strategies. To date, Investcorp has provided capital to over 20 managers across a broad range of strategies.
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