Two top executives at
Steven Samson, Kinetics former CEO and Lee Schultheis, the firms former COO, will start a new company called Alternative Investment Partners in Chappaqua, NY.
Alternative Investment Partners registered on Tuesday an open-end mutual fund that will be known as the Alpha Strategies I Fund and will use investment techniques similar to those of a hedge fund. The product will be the firms flagship fund. It will be the first in a series of products expected to launch later.
The Alpha Strategies fund will invest directly in securities, as opposed to operating like a hedge fund of funds that invests in other hedge funds. The product carries a minimum investment of $25,000.
