Sean Pitcher, CPA has joined the Alpha Innovations team as Director of Finance.  Sean will be based in our new office in Hamilton Bermuda and is our first local Bermudian hire.   Welcome aboard Sean!

Biography

Mr. Pitcher recently joined Alpha Innovations as Director of Finance and Interim Chief Compliance Officer. His responsibilities include oversight of accounting and financial reporting, budgeting and forecasting, compliance, regulatory requirements, and negotiating competitive terms and managing relationships with various service and infrastructure providers. Mr. Pitcher identifies and drives areas for improvement across all processes, procedures, controls and systems to develop an accurate and efficient platform to support the company’s aggressive growth strategy to meet investor expectations.

With over ten years of experience in the asset management industry Mr. Pitcher brings a wealth of knowledge of corporate finance and financial markets. Prior to joining Alpha Innovations Mr. Pitcher worked in finance and investment roles for a London Stock Exchange listed specialty re/insurer and a Bermuda based hedge fund manager. Mr. Pitcher began his career in financial services at Ernst & Young in Bermuda where he qualified as a Certified Public Accountant (CPA) and a Chartered Professional Accountant (CPA). Mr. Pitcher graduated from the University of Guelph, Canada with a Honours Bachelor of Commerce Degree.

Our Bermuda Office Has Moved!

In order to accommodate our growing team, Alpha Innovations is pleased to announce our move into new office space at 100 Reid Street in Bermuda.  Stop by and visit if you’re in the area!

AI’s CEO was invited to speak on Mornings with Maria on Dec. 14. Topics included the markets, EM and the impact of beta-laden hedge fund portfolios and the HF outlook for 2019.

Alpha Innovations’ Chief Risk and Data Analytics Officer, Dr. Mark Antonio Awada, spent four years post-doc under Dr. Stephen Hawking.   Dr. Awada was invited to speak at FAU on his time with Dr. Hawking, Big Bang Theory and the importance of being objective and flexible in views.

Alpha Innovations’ CEO and CIO, Lawrence Newhook, speaks on the blockchain fireside chat alongside Anthony Malakian from Waters and Howard Bush, Principal, Banking & Capital Markets Lead, at Microsoft. The focus was on the implmentation of adoption of blockchain technologies within established industries, inlcuding asset management.

https://events.waterstechnology.com/watersusa/agenda

Alpha Innovations’ CEO and CIO, Lawrence Newhook, participated on the Blockchain panel at the Beryl Elites Alternative Investment Conference Nov. 5 in New York City. The panel was hosted by John D’Agostino from DMS Governance and also included Mike McGlone from Bloomberg and David Tawill from ProChain Capital. The focus of the panel was on the impact of distributed ledger technologies on the asset management industry and the growth of digital assets.

Last week, at Hub Culture’s Liquidity Summit, we had a great conversation with Bermuda’s Premier, David Burt. We discussed his vision for Bermuda and how Alpha Innovations and Laureate Digital Securities fits into his plans for the regulated investment funds and blockchain industries in the country. The talent pool is deep in Bermuda for firms like ours to draw upon and we’ve been thrilled with the quality of the local candidates that we’ve interviewed thus far.

Today’s Institutional Investor story covering Alpha Innovations.

Point72, Balyasny Vets Launch Firm That Only Wants Alpha

https://www.institutionalinvestor.com/article/b1bf48mbwz0163/Point72-Balyasny-Vets-Launch-Firm-That-Only-Wants-Alpha

Global Asset Management Firm with Blue-Chip Pedigree Establishes HQ in Bermuda; Will Leverage Blockchain to Reduce Risks and Fees Within Regulatory-Compliant Framework

HAMILTON, Bermuda (PRWEB) October 17, 2018

Alpha Innovations Ltd. (“Alpha Innovations”), a global asset management firm, today announced its official launch and the establishment of its headquarters in Bermuda. The firm’s leadership team has decades of experience in asset management, institutional investing, and fintech from such blue-chip firms as Point72, Morgan Stanley, Goldman Sachs, CITIC and Balyasny.

According to Deloitte, many asset management firms today face increasing challenges with environmental changes driven by regulators, customer preferences for low-cost investment solutions, and advancing technologies. Alpha Innovations, the brainchild of leading financial executives, saw an opportunity to address these challenges directly by leveraging structural innovation and blockchain technology to offer greater operational efficiency, and significantly reduce risk and fees within a regulatory-compliant framework.

“A key lesson from my 12 years at Point72 was never to compromise on the talent, which is one of the basic tenets on which we are building Alpha Innovations. Our management team has worked in the financial markets through numerous up and down cycles and is also well versed in the potential of blockchain technology,” said Lawrence C. Newhook, CEO and President, Alpha Innovations. “We’ve built an asset management firm that solves many of the legacy issues that make traditional asset management funds unappealing. We are ready to lead the industry into the future and provide compelling investment options that inspire institutional investors to put their capital to work.”

Alpha Innovations’ core directive is to identify unique sources of alpha in investment strategies, isolate and extract that alpha, and deliver it to its investors (institutional investors, high net worth individuals, and family offices) through a framework which affords greater oversight and governance than what was traditionally available, and enables institutional investors to fulfill their fiduciary responsibilities. This includes addressing such investment imperatives as transparency, custody/control of assets, fee efficiency, liquidity, risk management, and strict regulatory compliance.

“The foundation of any institutional-quality investment management business is strong regulatory oversight and for this reason, we chose Bermuda for our global headquarters,” said Newhook. “Bermuda has a sterling regulatory reputation in the asset management industry and established laws to govern blockchain business. In short, Bermuda is where the funds industry and blockchain meet, and was therefore the perfect jurisdiction for Alpha Innovations.”

“Our government has pioneered legislation to put Bermuda at the forefront of the blockchain revolution, and Alpha Innovations is exactly the type of cutting-edge company we are looking to attract,” said Premier of Bermuda, the Hon. David Burt, JP, MP. “Bermuda has long been a respected centre for funds, and now we can be a jurisdiction for new technologies allowing the trade of digitized assets. We welcome Alpha Innovations, and invite the evolving asset-management industry to choose Bermuda as a global platform for business.”

About Alpha Innovations
Alpha Innovations is a global asset management firm designed to provide institutional investors and high net worth individuals access to diverse sources of true alpha. The core team consists of talent from blue chip firms including Point72, Balyasny Asset Management, Goldman Sachs, Morgan Stanley, and CITIC. The company was founded in 2018 and is headquartered in Bermuda. For more information, visit http://www.alphainnovations.io.

Pictured:  His Excellency the Governor, John Rankin;  Alpha Innovations COO Nicole L. Biernat; Alpha Innovations President and CEO, Lawrence C. Newhook;  Sean Moran, Interim CEO, Bermuda Development Agency

Alpha Innovations CEO, Lawrence Newhook, spoke on a panel at the Global Funds Forum in NYC on Oct. 2.  He and his fellow panelists spoke on trends, challenges and opportunities of investing in emerging managers.