Vida Capital, LLC Finds New Partner
Austin, Texas (PRWEB) February 22, 2016 -- On November 20, 2015, Vida Capital, LLC entered into an agreement to sell 40% of its economic interest in Vida Capital, Inc. to an entity owned by Harald McPike, a highly successful quantitative trader and global private investor. As the founder and owner of the QuantRes group of companies, Harald McPike has been actively trading in the global financial markets for over 25 years using his own proprietary, algorithmic trading strategies and has a history of investing and applying quantitative approaches to investment opportunities.
In conjunction with his investment in the business, Harald McPike also committed a significant amount of capital that Vida will manage and invest in longevity-contingent assets. In commenting on his investment in Vida, Harald said, “Vida is a proven and experienced partner with a deep understanding of managing longevity-based assets. Vida shares both our investment and business philosophy and is committed to improving continuously their investment processes through expertise and innovation in quantitative methods. Vida provides superior access to an attractive and uncorrelated return on investment capital.”
This partnership marks a great opportunity for Vida to continue to develop its infrastructure and enhance its investment capabilities. “This is a tremendous opportunity for the firm and speaks to our continued success as an asset manager,” commented Jeff Serra, CEO and founder of Vida Capital. “Our goal is to be the preeminent leader in the longevity space and this transaction has significantly furthered us in that goal,” Serra added.
Bill Tice, Vida Capital, +1 512-961-8265, [email protected]
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