AI Manager Manifold Partners Launches on Newly Expanded Hydra Marketplace

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Kettera Strategies LLC, which operates Hydra, the leading managed account marketplace for macro, commodities and liquid equity hedge fund strategies, announced that Manifold Partners, LLC will be the first firm to offer its equity strategies to investors through the marketplace.

Kettera Strategies LLC, which operates Hydra, the leading managed account marketplace for macro, commodities and liquid equity hedge fund strategies, announced that Manifold Partners, LLC will be the first firm to offer its equity strategies to investors through the marketplace.

Manifold Partners is an investment firm specializing in scientific forecasting of securities prices and having nearly $1 billion in assets under management and/or supervision. Wall Street veterans, Donald H. Putnam and James A. Creighton continue to develop cutting edge systems at Manifold Partners by 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. “Their Hydra marketplace is a flexible and resilient platform for leading equity strategies.”

“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.”

Mr. Putnam founded Manifold Partners in 2013. Prior to Manifold, Putnam founded Grail Partners in 2005, where he is Managing Partner. In 1987, he founded Putnam Lovell Securities and served as CEO. He was also Executive Vice President and division President of SEI, founder and President of SEI Financial Services Company, and founder and President of its mutual funds.

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. James A. Creighton is Chief Investment Officer at Manifold Partners.

Hydra’s “Global Hedge Strategies” arm is an expansion of the Hydra marketplace, which has distinguished itself in the macro/managed futures space by providing investors with daily transparency, intra-month liquidity and notional funding capabilities. “Our expansion into equity hedge fund strategies is a natural continuation of our long-term mission,” said Jon Stein, Kettera’s CEO.

Goldman Sachs & Co. LLC is the prime broker, and NAV Consulting is the administrator for Hydra. RSM US LLP is auditor and BMO Harris, NA is the custodian bank. Sidley Austin, LLP is US counsel and Stuart, Walker & Hersant is Cayman counsel.

Service providers are independent companies unaffiliated with Kettera. Manifold and Kettera are not affiliated. There is no form of legal partnership, agency, affiliation, or similar relationship between these service providers, Manifold and Kettera.

Hydra is available to US and non-US investors via a master-feeder structure.

About Manifold Partners LLC

Manifold Partners LLC is a San Francisco-based multi-discipline portfolio management firm specializing in quantitative investment methodologies for institutional clients. Manifold’s primary method of securities analysis is statistical in nature. The firm’s distinguished science teams from multiple fields of study have deep backgrounds in quantitative research, machine learning, mathematics, portfolio theory, and advanced software development.

Manifold is a limited liability company organized under laws of the State of Delaware law. To learn more, visit http://www.ManifoldPartners.com.

About Hydra and Kettera Strategies

Chicago-based Kettera Strategies LLC owns and operates Hydra, a leading independent, custody-based managed account marketplace. Hydra provides institutional investors, family offices, wealth managers and high net worth investors with efficient access to an array of alternative investment strategies. More than 40 investment strategies are currently available on Hydra. Hydra allows investors to access single managers or create bespoke, multi-manager portfolios from an array of established and emerging managers. The marketplace offers enhanced liquidity, partial funding (depending on the strategy) and daily performance reporting. Hydra is independent and objective, freeing it from conflicts of interests often associated with bank and brokerage based groups.

Important Risk Information
THE PAST PERFORMANCE OF ANY INVESTMENT PRODUCT OR ANY TRADING ADVISOR ASSOCIATED WITH THE HYDRA MARKETPLACE IS NOT NECESSARILY INDICATIVE OF THE FUTURE RESULTS OF EITHER THIS INVESTMENT PRODUCT, OTHER INVESTMENT OFFERINGS OR THE TRADING ADVISOR OR INVESTMENT ADVISOR ASSOCIATED WITH THE PLATFORM. There is no guarantee or representation made that any Hydra investment program, trading manager or investment product associated therewith will be successful or not lose money. As with all investments, investment products offered on the Hydra marketplace are subject to the risk that the relevant investment management strategy may not produce the intended results. This Manifold Partners Hydra Cell is new with a limited history of operations for investors to evaluate. There is no guarantee that the Hydra Cell will achieve its objective, generate positive returns, or avoid losses.

This release is intended solely for informational purposes only – and not for the solicitation of any investment product or advisory program. This document does not constitute advice or a recommendation to make any investment or for a specific investment strategy.

An investment in a Hydra Cell is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in any Hydra Cell can increase during times of significant market volatility. Each Hydra Cell also has specific principal risks, which are described in the Explanatory Memorandum.

PURSUANT TO AN EXEMPTIONS FROM THE U.S COMMODITY FUTURES TRADING COMMISSION (CFTC) AND THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) IN CONNECTION WITH POOLS/PORTFOLIOS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE PERSONS OR QUALIFIED PURCHASERS, AN OFFERING MEMORANDUM FOR ANY POOLS/PORTFOLIOS DESCRIBED HEREIN IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE CFTC OR THE SEC . NEITHER THE CFTC NOR THE SEC PASSES UPON THE MERITS OF PARTICIPATING IN A POOL/PORTFOLIO OR UPON THE ADEQUACY OR ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, NEITHER THE CFTC NOR THE SEC HAS NOT REVIEWED OR APPROVED ANY OFFERING MEMORANDUM FOR ANY OF THE POOLS/PORTFOLIOS.

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Thomas Walek