AltX Adds Cowen Group to Team of Strategic Investors

SAN FRANCISCO--(BUSINESS WIRE)-- AltX today announced that Cowen Group, Inc. (“Cowen”) will join its distinguished team of strategic investors.

Cowen joins other lead investors of AltX including Wells Fargo & Company, Control Empresarial de Capitales, S.A. de C.V., controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, Andy Redleaf, CEO of Whitebox and Jeff Ubben, founder of Value Act Capital, as well as other prominent global investors.

AltX, founded in 2012, is a leading intelligence platform for the alternatives market, combining innovative science, technology, relational and behavioral data, along with traditional financial analytics and regulatory data, all in one platform. Superior analytics, proprietary algorithms, big data, real time news and relationship mapping help both investors and funds identify more compatible investment relationships and opportunities. The triangulated data provides superior manager and market insights that ultimately enable users to make smarter investment decisions and improves processes affecting a more efficient and lower cost method for discovering, evaluating and investing in the alternatives space.

Jeffrey M. Solomon, President of Cowen Group, Inc. said, “We are excited to join AltX’s group of strategic investors. As an organization with operating businesses in alternative investment management and investment banking, we have a deep understanding of the needs of the different constituents within the investment community. With clients at the forefront of everything we do, this partnership is a unique opportunity to provide our managers, and ultimately our clients, with a best-in-class intelligence and insights platform.”

“AltX is very excited to have Cowen as a strategic investor,” said John Bohan, Head of Corporate Development for AltX. “Cowen is dedicated to enabling outperformance and we are thankful to have some of the most successful and sophisticated investors and firms in the world as part of our company as we aim to increase the footprint of the technology revolution within the financial sector. Our investors' involvement continues to support our mission of introducing a new digital intelligence for institutional and wealth management clients across the investment management industry.”

Sam Hocking, CEO of AltX, added “AltX will continue to grow and meet demand for insights across the alternatives market as both users and investors alike look for technologies that enable simple and convenient access to aggregated and synthesized intelligence. We believe smarter and more accessible data will become even more vital and integral to the investing process.”

About AltX

AltX is the next generation intelligence platform for the alternatives market. AltX combines innovative science, technology, relational and behavioral data, with traditional financial analytics and regulatory data, to deliver superior manager and market insights and to help users make smarter investment decisions. Proprietary algorithms, big data, superior analytics, real time news and relationship mapping help both investors and hedge funds identify more compatible investment relationships and opportunities. The AltX user base is made up of investment professionals from hedge funds, investment banks, pension funds, endowments, asset managers, family offices and more.

AltX, and parent company iMatchative, were founded by Sam Hocking in 2012, and are headquartered in San Francisco.

For more information about AltX, go to www.GetAltX.com.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates make up the 2 Company’s alternative investment segment, while Cowen and Company and its affiliates make up the Company’s broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices worldwide.

For more information about Cowen Group, Inc., go to www.cowen.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20150909005636/en/

AltX:
Megan Stinson, 866-612-6538
[email protected]
or
for Cowen Group, Inc.:
Sard Verbinnen & Co
Dan Gagnier or Carissa Felger, 212-687-8080

Source: AltX

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