[
  {
    "tag": "Alternative Fund Insight",
    "source": "Altaira",
    "dateISO": "2026-10-16",
    "dateDisplay": "October 16, 2026",
    "title": "The Alternative Asset Manager Operating Model Has Changed. Has Yours?",
    "href": "news-and-events/alternative-asset-manager-operating-model",
    "image": "media/news-and-events/alternative-asset-manager-operating-model.jpg",
    "imageAlt": "Illustration of an operations team working at trading and data screens in a multi-level circular office overlooking a city skyline",
    "id": "4",
    "slug": "alternative-asset-manager-operating-model",
    "description": "Explore how institutional expectations, technology, cost pressures, and co-sourcing are reshaping the alternative asset manager operating model.",
    "content": "<p>The alternative asset manager operating model has changed fundamentally. Institutional investors expect stronger infrastructure, regulators demand greater rigor, technology has become embedded in day-to-day operations, and managers continue to face pressure to control costs. The question is no longer whether the operating model should evolve, but how managers can build one that is institutional, scalable, and capable of supporting growth.</p>\n<h2>Institutionalization Raised the Operational Bar</h2>\n<p>Alternative investment firms once had considerably more freedom to operate with lean back and middle office teams. That changed as institutional capital became more important to the industry. Operational due diligence developed into a meaningful part of the allocation process, while investors increasingly expected managers to demonstrate robust accounting, settlement, compliance, risk, and control processes.</p>\n<p>The result was a higher operational bar. Managers needed infrastructure that could withstand scrutiny, not simply support the investment process. For emerging and mid-sized firms, this created a difficult equation: build institutional capabilities while avoiding a fixed-cost base that could make the business less resilient.</p>\n<h2>Technology Changed What an Operating Model Could Look Like</h2>\n<p>Cloud infrastructure, automation, digital workflows, and collaboration technology gradually changed that equation. The pandemic accelerated adoption, but its longer-term significance was broader: it demonstrated that critical processes did not always need to sit within the same physical office, or even entirely within the same organization, to be controlled effectively. Today, the relevant question is not whether firms can use external technology and expertise. It is how they combine internal leadership, specialist partners, and technology in a way that preserves oversight while improving efficiency.</p>\n<h2>From Fixed Infrastructure to a More Flexible Model</h2>\n<p>A traditional operating model can carry significant fixed costs across personnel, systems, infrastructure, training, and management. Those costs can be difficult to reduce during challenging periods and equally difficult to build quickly when a strategy or asset base grows.</p>\n<p>A more flexible model applies the principle of comparative advantage. Portfolio managers concentrate on investment management. Internal operational leaders retain control and accountability. Specialist co-sourcing partners provide capabilities, people, systems, and infrastructure where they can do so more efficiently. Rather than removing responsibility from the manager, the model is designed to extend the manager’s operating team.</p>\n<h2>The Next Stage Is About More Than Cost</h2>\n<p>Efficiency matters, but the evolution of the operating model should not be reduced to cost cutting. The stronger opportunity is to create an environment in which operations contribute to organizational performance. Better data, stronger treasury processes, automation, integrated technology, and specialist expertise can help management teams make better decisions and direct more internal capacity toward higher-value activity.</p>\n<p>Artificial intelligence is likely to accelerate this shift. Agentic AI and knowledge process automation create new possibilities across reconciliations, trade operations, shadow accounting, treasury, compliance, risk, investment research and portfolio management, and data-intensive workflows. But technology alone is not the operating model. Its value depends on where it is applied, how it is governed, and how effectively it complements experienced people.</p>\n<h2>A Different Question for Managers</h2>\n<p>There is no single operating model that will suit every alternative asset manager. Strategy, size, complexity, investor base, and growth ambitions all matter. The more useful question is whether every function still needs to be built and maintained internally simply because that was historically the norm.</p>\n<p>For many managers, the operating model of the future may be smaller at its core but broader in capability: a focused internal team supported by integrated technology and specialist co-sourcing partners. The goal is not to relinquish control. It is to build an institutional environment that can adapt as the business changes.</p>\n<p><a href=\"our-services\">Explore how Altaira helps asset managers build a coordinated, institutional-grade back and middle office.</a></p>\n<h2>Frequently Asked Questions</h2>\n<h3>What is an alternative asset manager operating model?</h3>\n<p>It is the combination of people, processes, technology, controls, and external partners used to support the investment business. It can include operations, accounting, treasury, risk, compliance, technology, data, investor services, and business management.</p>\n<h3>Why are alternative asset manager operating models changing?</h3>\n<p>They are changing in response to institutional investor expectations, regulatory requirements, fee and cost pressures, technology adoption, and the need to scale operational capabilities without necessarily scaling internal headcount at the same rate.</p>\n<h3>What role does co-sourcing play in the operating model?</h3>\n<p>Co-sourcing allows a manager to retain oversight and accountability while extending its team through specialist external expertise, systems, and infrastructure.</p>",
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    "tag": "Alternative Fund Insight",
    "source": "Alternative Fund Insight",
    "dateISO": "2025-11-17",
    "dateDisplay": "November 17, 2025",
    "title": "Altaira launches new services focused on treasury and technology gains",
    "href": "https://alternativefundinsight.com/altaira-launches-new-services-focused-on-treasury-and-technology-gains/",
    "image": "media/services/alpha-treasury-tax-optimization.jpg",
    "external": true,
    "id": "1",
    "slug": "altaira-launches-new-services-focused-on-treasury-and-technology-gains"
  },
  {
    "tag": "Press Release",
    "source": "Businesswire",
    "dateISO": "2025-11-11",
    "dateDisplay": "November 11, 2025",
    "title": "Altaira Launches Alpha+ and Krell+ to Deliver Measurable \"Operational Alpha\" and Reduce Fund Managers' Fixed Costs",
    "href": "news-and-events/altaira-alpha-plus-krell-plus",
    "image": "media/services/technology-systems-krell-vcto-vcio.jpg",
    "id": "2",
    "slug": "altaira-alpha-plus-krell-plus",
    "content": "<p>NEW YORK, November 11, 2025:</p>\n<p>Altaira Strategic Partners, LLC, a provider of institutional-grade back and middle office solutions for\n            investment funds, is expanding its platform with two new offerings: Alpha+ and Krell+. Combined, Alpha+ and\n            Krell+ avoid the fixed cost burden of hiring additional personnel and technology systems as fund managers\n            look to efficiently scale their businesses.</p>\n<p>Michael Fastert, Founding Partner and CEO of Altaira said:</p>\n<p>“Discrete operational alpha will be a key component of the next generation of fund performance\n            – as our industry continues to evolve, adding passive alpha to investment performance can create true\n            organizational performance. We see Alpha+ and Krell+ as two discrete, measurable ways managers can unlock\n            untapped alpha through smarter treasury management and optimized technology deployment.”</p>\n<p>Fund treasury and technology infrastructure management are specialized functions that smaller and mid-sized\n            fund managers lack the time and resources to properly address, potentially leaving easy money on the table.\n            Yet both verticals can significantly augment a firm’s operational environment, especially as investors\n            increasingly scrutinize operational efficiency and costs.</p>\n<h2>Alpha+: Turning Treasury into a Source of Passive Alpha</h2>\n<p>As fund treasury becomes more complex, having the ability to streamline how the fund pays its\n            counterparties can go a long way to reducing costs and optimizing those relationships. Alpha+ addresses this\n            by delivering a centralized treasury management and securities lending program designed to streamline\n            operations and maximize the efficient use of fund capital. Giving fund managers the opportunity to generate\n            “passive alpha”, in addition to pure market alpha in the front-office, adds horsepower to their\n            returns, and by doing so, also enhances their institutional credibility.</p>\n<p>Alpha+ provides an array of tools including:</p>\n<ul>\n<li>Collateral &amp; margin optimization</li>\n<li>Short borrow optimization</li>\n<li>Active cash management</li>\n<li>Wallet share optimization across multiple prime brokers</li>\n</ul>\n<p>Fastert adds: “As hedge funds continue to become more institutional, this is an important focus. If\n            you're a mid-size fund, inefficient treasury management places you at a disadvantage compared to larger\n            funds who have this capability and might add 30 to 50 basis points a year.” Bundled with treasury\n            management, Altaira’s tax optimization service helps funds enhance after-tax returns. Altaira works\n            directly with clients’ CFOs and trading teams to harvest losses strategically, navigate wash sales,\n            minimize taxable events through trade timing, and strengthen compliance reporting.</p>\n<p>“Alpha+ is a discrete way to provide a more efficiently managed tax to book picture for your\n            investors,” said Fastert. “As hedge funds continue to add institutional investors with various\n            tax sensitivities, Alpha+ helps managers to actively optimize their portfolio from a tax perspective, so\n            that returns are not swallowed by a less than favorable book-to-tax picture.”</p>\n<h2>Krell+: Turning Technology from a Cost Center into a Growth Driver</h2>\n<p>Altaira’s Krell+ offering combines vCTO (virtual Chief Technology Officer) and vCIO (virtual Chief\n            Information Officer) services into a flexible, scalable solution that allows fund managers to dynamically\n            manage their technology infrastructure and data ecosystem without the cost of full-time senior technology\n            hires.</p>\n<p>“Not having dedicated in-house technology personnel can result in disparate, stand-alone systems\n            whose potential is not maximized and can lead to failed implementations before fund managers can even think\n            about anything forward-facing around next-gen technology ecosystem or agentic AI,” explained Fastert.\n            “In addition, our vCTO services help manage our clients’ technology infrastructure managed\n            service provider. Our experienced technology team works side-by-side with your MSP to optimize your\n            technology infrastructure and foster a value-add technology environment. Krell+ has been developed to give\n            managers the oversight and integration they need at a fraction of the cost of hiring in-house.”</p>\n<p>As data management evolves in the era of generative and agentic AI, finding novel ways to ingest a wider\n            universe of data to drive research and reporting sophistication to higher standards is likely to become a\n            key differentiator among active managers.</p>\n<p>Altaira’s experts help managers establish a “golden source” of data to improve reporting\n            accuracy, portfolio research, and operational resilience. With more than 60 years of combined experience\n            designing and managing technology environments for leading hedge funds, Altaira’s team provides a menu\n            of modular solutions, including:</p>\n<ul>\n<li>Data Warehouse Management</li>\n<li>External Data Integration</li>\n<li>Technology System Integration</li>\n<li>AI Integration</li>\n</ul>\n<p>“The most effective environment combines personnel with cutting edge technology that does not just\n            accomplish tasks or replace costs, but creates value through an improved operational model.” Michael\n            Fastert, Founder &amp; CEO, Altaira.</p>\n<p>Altaira’s pricing model for Alpha+ and Krell+ ensures that all clients, no matter what their size,\n            are treated equally:</p>\n<ul>\n<li>Alpha+: fixed basis-point charge to the fund</li>\n<li>Krell+ vCTO: hourly bundle (typically 10–15 hours per month, scalable as needed)</li>\n<li>Krell+ vCIO: project-based or flat-fee bundled service covering reporting and data management</li>\n</ul>\n<p>Alpha+ and Krell+ underscore Altaira’s commitment to helping fund managers identify new sources of\n            growth and redefine their operating model for a digital-first future, building long-term\n            institutional-quality organizations.</p>\n<p>“Fund managers who can demonstrate to investors they are addressing every layer of operational alpha,\n            from treasury management to tax optimization, will be on a strong footing going forward. Our aim is to be\n            their partner on that institutional journey,” said Fastert.</p>\n<h2>About Altaira Strategic Partners</h2>\n<p>Founded in 2024, New York-headquartered Altaira Strategic Partners LLC is an independent spin out from its\n            parent group, AlTi Global, a leading independent global wealth manager with over $77 billion of assets under\n            advisory and management. Altaira’s mission is to partner with both emerging and established asset\n            managers to provide a state-of-the-art institutional operating environment. Altaira’s origins trace\n            back to Tiedemann Investment Group, which has been providing institutional back and middle office services\n            to fund managers since 1980. It joined forces with Tiedemann Advisors, Alvarium Investments Limited and\n            Cartesian Growth Corporation in November 2022 under the trading name Alvarium Tiedemann Holdings, Inc. (or\n            “AlTi”). For more information visit: <a href=\"https://altairastrat.com/\">altairastrat.com</a></p>",
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  {
    "tag": "Events",
    "source": "Altaira",
    "dateISO": "2025-03-05",
    "dateDisplay": "March 5, 2025",
    "title": "Altaira Launch Party",
    "href": "news-and-events/altaira-launch-party",
    "image": "media/news-and-events/launch-party-featured.jpg",
    "id": "3",
    "slug": "altaira-launch-party",
    "content": "<p>On March 5, 2025, we hosted Altaira’s launch party in our new office space, surrounded by an amazing\n            group of friends and partners. The evening was a huge success, filled with celebratory energy.</p>\n<p>A definite highlight was welcoming Billy Beane, Senior Adviser and former General Manager of the A’s!\n            Billy captivated everyone with his insightful stories on baseball, business, and life. He even shared how\n            the famous “Moneyball” principles, which revolutionized the A’s, can be applied to\n            operating private funds. It was a truly unforgettable night!</p>\n<div aria-label=\"Launch party photographs\" class=\"launch-gallery\">\n<img alt=\"Guests posing together in front of the Altaira backdrop at the launch party\" decoding=\"async\" height=\"1333\" loading=\"lazy\" src=\"media/news-and-events/launch-party-group-portrait.jpg\" width=\"2000\"/>\n<img alt=\"Two speakers sharing a laugh during the launch party discussion\" decoding=\"async\" height=\"1345\" loading=\"lazy\" src=\"media/news-and-events/launch-party-panel-discussion.jpg\" width=\"2000\"/>\n<img alt=\"Launch party guests gathered for a group photograph in the Altaira office\" decoding=\"async\" height=\"1430\" loading=\"lazy\" src=\"media/news-and-events/launch-party-office-group.jpg\" width=\"2000\"/>\n<img alt=\"Guests laughing together beside the Altaira backdrop\" decoding=\"async\" height=\"1024\" loading=\"lazy\" src=\"media/news-and-events/launch-party-conversation.jpg\" width=\"1536\"/>\n</div>",
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    "articleStyle": "launch-party"
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