Gravitas, a leading provider of business consulting and technology solutions to the alternative investment and financial services industries, is proud to announce that it provided technology and consulting services to support the launch of alternative asset manager LibreMax Capital and has been engaged to provide ongoing support services to LibreMax.
LibreMax launched in late 2010, and was founded by former Deutsche Bank AG tradersGreg Lippmann and Fred Brettschneider. The fund, with assets under managementin excess of$500 million, was one of the most prominent hedge fund launches in recent history.
“We selected Gravitas to handle our technology and infrastructure development because of the company’s reputation as an end-to-end provider that could work with us throughout the implementation process,” said LibreMax co-founder and chief investment officer, Greg Lippmann.
For LibreMax’s launch, Gravitas assisted the firm with the design and build of its core technology systems, utilizing Gravitas’ Hosting Services where applicable. In addition, an in-house IT facility was created, involving the coordination with and management of several third-party technology service providers.
“While newly established funds face an extremely challenging environment, with increased investor emphasis on due diligence and more complex regulatory requirements, we believe that smart firms are using this as an opportunity to build strong technology infrastructures designed to last,” said Gravitas CEO Jayesh Punater.
Gravitas is a leading provider of business consulting and technology solutions to the alternative investment and financial services industries. Founded in 1996 as Gravitas Technology and known as Gravitas since 2010, the company provides business consulting services, knowledge process outsourcing, software development, and systems integration to hedge funds, private equity funds, brokerage firms, investment banks, traditional asset management firms and small and medium sized financial services firms. Gravitas is focused on providing clients with creative solutions designed to make their firms more efficient through outsourcing, hosting services, including cloud and colocation and other innovative technological solutions. The company is based in New York with offices in Greenwich, Connecticut, Mumbai and Ahmedabad, India. www.gravitastechnology.com.