Skip to main content

Kettera Adds Putnam's Manifold Partners to Expanded Hydra 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.