Altegris, an alternative investment research and management firm, and Artivest, an alternative investment technology firm, are planning to merge under the name Artivest. The joint 100-person team will service more than $3 billion in client capital.
The companies believe that the combination will allow individuals and institutions more efficient access to alternative investments.
In October 2017, a PriceWaterhouseCoopers industry report forecast that alternative investments will surpass $21 trillion in assets by 2025—more than doubling in size in eight years—and reaching 15 percent of all global assets under management.
“After we formed a commercial relationship with Altegris last year, we realized our strategic goals align and our value propositions are highly complementary,” said James Waldinger, CEO and founder of Artivest. “Altegris will expand our investment, operations, and distribution capabilities, immediately amplifying the power of our technology—and vice versa.”
Waldinger will serve as CEO of the combined firm, and Martin Beaulieu, executive chairman and CEO of Altegris will serve as executive chairman.
Matt Osborne, founder and chief investment officer of Altegris, will continue as CIO overseeing investment research and management, including oversight of the Altegris family of funds, which will retain the Altegris name.
With offices in New York and San Diego, Artivest will remain privately held by employees and outside investors, led by Aquiline Capital Partners, Genstar Capital, KKR, and Thiel Capital.
Artivest offers technology-driven investment platforms for fund managers, wealth managers, and independent advisors.