- Magnetar marks 17th fund on the platform
- Lomas’ Focus Strategy available via AMX
- New additions increase AMX’s AUM by over $950m
AMX, the first open architecture marketplace for the buying and selling of asset management services, has announced that it has launched Magnetar Capital (Magnetar) and Lomas Capital Management (Lomas) onto the platform. These additions bring AMX’s total offering to 17 funds – providing investors with access to a wide range of strategies and asset classes.
As part of the deep and broad relationship the organisations have had across business lines throughout the years, Willis Towers Watson worked closely with Magnetar to assure that its Passive Risk Arbitrage strategy would be implemented in a manner attractive to clients, providing the opportunity to gain exposure to the merger arbitrage premium in the market. Magnetar has onboarded over $900m onto AMX.
Lomas’ Focus Strategy is a high-conviction, concentrated, long-short equity strategy. Lomas has onboarded over $50m onto the platform.
Commenting on this announcement, Oliver Jaegemann, Global Head of AMX, said:
“We are thrilled to have added Magnetar and Lomas onto the AMX platform as testament to our ongoing dedication to offer a diverse range of strategies to our clients.
“Magnetar’s Passive Risk Arbitrage strategy allows investors to efficiently access the merger arbitrage premium in the market, coupled with the key structural benefits that AMX provides.
“The wider Willis Towers Watson team has worked closely with Lomas to design its Focus Strategy.”
Ernie Rogers, Chief Operating Officer at Magnetar added:
“We are excited to partner with Willis Towers Watson on the launch of our Passive Risk Arbitrage strategy on the AMX platform. We have been monitoring AMX’s development closely over the last few years and feel the platform has been constructed in a manner that seeks to suit the evolving needs of investors and managers.”
Lomas Capital Management said:
“We have been impressed with our experience with the wider Willis Towers Watson team to date and so are very pleased to be offering our Focus Strategy with AMX.”
Notes to editors
AMX centralises, standardises and streamlines the process of investing by making implementation and monitoring more efficient through:
- Reduced duplication of cost, resource and time
- Economies of scale in relationships with other service providers, such as market counterparties, custodians, clearers and
- Standardised legal documentation
- Timelier and more accurate reporting through centralised data
- Reduced complexity via standardised infrastructure and a centralised back office.
AMX secures better pricing because of the buying power of the exchange by centralising operating costs, such as custody and administration at the exchange, thereby lowering operating expenses.
AMX also offers enhanced control for investors via an independent risk oversight function and single portfolio interface to centralise and standardise compliance, minimising distractions from the core investment function while providing greater investor confidence.
About The Asset Management Exchange
The Asset Management Exchange (“AMX”) is an institutional asset management marketplace designed to bring greater efficiency to the institutional asset management industry globally and was established by Willis Towers Watson in 2017. AMX is a global marketplace where asset owners can invest in external asset managers and where asset managers can access significant capital, while cutting value leakage. The exchange is open architecture, meaning that it is available to all asset owners and asset managers, regardless of other relationships with Willis Towers Watson. AMX provides centralised back office and standardised fund infrastructure reducing cost and resource duplication, delivering scale benefits to both sides of the market while increasing transparency and asset owner control.
Sam Horril, Media Relations, Willis Towers Watson: email or +44 20 3124 6087