Manifold Partners Launches On Kettera's Hydra Platform

Nov 2 2017 | 6:04pm ET

Quantitative investment manager Manifold Partners has teamed with managed account marketplace provider Kettera to offer its equity strategies to investors. 

Manifold Partners specializes in scientific forecasting of securities prices and having nearly $1 billion in assets under management and/or supervision, according to a statement. The company uses cutting edge using machine learning and artificial intelligence to develop and combine securities price expectations. 

“We are excited to be breaking new ground with the team at Kettera,” said Mr. Putnam, Manifold Partners chairman, in a statement. “Their Hydra marketplace is a flexible and resilient platform for leading equity strategies.” 

Kettera’s Hydra Hydra is a custody-based managed account marketplace providing institutional investors, family offices, wealth managers and high net worth investors with efficient access to more than 40 alternative investment strategies. The platform also offers enhanced liquidity, partial funding (depending on the strategy) and daily performance reporting. 

Hydra is available to U.S. and non-US investors via a master-feeder structure. Goldman Sachs & Co. LLC is the prime broker, NAV Consulting is the administrator, RSM US LLP is the auditor and BMO Harris is the custodian bank. 

“We are delighted to welcome Manifold Partners’ strategy to Hydra,” said Terri Engelman Rhoads, Kettera’s President. “Investors will access hedge fund equity strategies through the robust Hydra platform. This is an exciting new growth area for Hydra.” 

On Hydra, Manifold will offer seven country/region portfolios: AU, US, CA, EU, JP, HK, and UK. Each country portfolio employs multiple quantitative techniques to extrapolate price movements.

Kettera Strategies expanded Hydra to include equity equity-based hedge funds in September. The company launched Hydra in 2015 to provide institutional investors, family offices, wealth managers and high net worth investors with access to global macro, FX, volatility and managed futures strategies free from the conflicts of interests often associated with bank and brokerage based groups. 

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