New York (HedgeCo.net) – Alpha Theory announced the acquisition of hedge fund risk management consulting firm Axtell Consulting Group. The acquisition allows Alpha Theory to offer a more comprehensive set of risk and portfolio management consulting services to its clients. Axtell will continue to support its current clients as well as offering Alpha Theory clients a new set of risk management expertise.

“We are very excited by the new opportunities we can provide our clients with the acquisition of Axtell Consulting,” said Cameron Hight, CEO of Alpha Theory. “Our customers are constantly challenged by the daunting task of constructing a portfolio that accurately reflects their fundamental research. At the same time, they must pay heed to the exigent risk factors that are easily overlooked without effective risk management. The combined company provides holistic portfolio management that optimizes position sizing on both fundamental and statistical levels.”

Benjamin Dunn, founder of Axtell Consulting Group, will immediately become Alpha Theory’s Chief Operating Officer and head of the consulting practice. Benn’s extensive experience offers clients a unique perspective into best practices gained from numerous consultations and implemented by some of the world’s premier money managers.

“The combination of Axtell and Alpha Theory creates the ideal foundation for a fundamental investor’s investment process”, said Benjamin Dunn, CEO of Axtell Consulting.  “While portfolio and risk management tools have historically been defined by backwards looking measurements, Alpha Theory provides money managers with a truly forward looking risk assessment.  This is unique in the investment industry and provides a great platform from which to incorporate risk analysis.”

Editing by Alex Akesson