Key Takeaways
- • Galaxy Plus expanded its managed account platform by adding multiple fund managers, enabling qualified investors including RIAs, pensions, mutual funds, and family offices to access multiple underlying trading advisors through a single platform.
- • The platform operates through dual structures: Galaxy Plus Fund, LLC and Galaxy Plus Hedge Fund, LLC, sponsored by New Hyde Park Alternative Funds, LLC and New Hyde Park Asset Management LLC respectively, with corresponding offshore platforms (Galaxy Plus Fund SPC and Galaxy Plus Hedge Fund SPC).
- • New fund managers added to the platform include East Alpha, John Locke Investments, and Volt Capital Management, expanding the roster of available trading strategies.
- • Galaxy Plus combines features of private fund investments with managed account structures, providing institutional investors with streamlined access to alternative asset strategies including managed futures and hedge fund products.
- • The platform announcement coincided with a change in ownership of Galaxy Plus, signaling organizational evolution within the alternative investment infrastructure provider.
Summary
Galaxy Plus, the managed account platform sponsored by New Hyde Park Alternative Funds, LLC and New Hyde Park Asset Management LLC, announced the addition of multiple fund managers to its alternative investment offerings on December 9, 2020. The expansion reflects growing demand from institutional investors seeking consolidated access to diverse trading strategies without establishing separate relationships with individual managers.
The platform serves a broad institutional investor base including registered investment advisors (RIAs), pension funds, mutual funds, and family offices. By centralizing access to multiple underlying trading advisors through a single managed account structure, Galaxy Plus reduces operational complexity and administrative overhead for investors managing allocations across alternative strategies. The newly added managers—East Alpha, John Locke Investments, and Volt Capital Management—represent expanded exposure to hedge fund and alternative investment strategies.
Galaxy Plus operates through two parallel platforms: the Galaxy Plus Fund, LLC platform and the Galaxy Plus Hedge Fund, LLC platform, each with corresponding offshore structures (Galaxy Plus Fund SPC and Galaxy Plus Hedge Fund SPC). This dual-platform architecture allows the sponsor entities to segment offerings and accommodate different investor qualification requirements and suitability profiles. The platform emphasizes managed futures as a core strategy alongside broader alternative investment products.
The December 2020 announcement also noted a change in ownership structure for Galaxy Plus, indicating strategic repositioning within the firm's management. This development, combined with the addition of new fund managers, suggests organizational initiatives to enhance competitive positioning within the managed account platform space, where consolidation of access to quality alternative managers has become increasingly important for institutional allocators seeking efficiency and diversification.
The platform serves a broad institutional investor base including registered investment advisors (RIAs), pension funds, mutual funds, and family offices. By centralizing access to multiple underlying trading advisors through a single managed account structure, Galaxy Plus reduces operational complexity and administrative overhead for investors managing allocations across alternative strategies. The newly added managers—East Alpha, John Locke Investments, and Volt Capital Management—represent expanded exposure to hedge fund and alternative investment strategies.
Galaxy Plus operates through two parallel platforms: the Galaxy Plus Fund, LLC platform and the Galaxy Plus Hedge Fund, LLC platform, each with corresponding offshore structures (Galaxy Plus Fund SPC and Galaxy Plus Hedge Fund SPC). This dual-platform architecture allows the sponsor entities to segment offerings and accommodate different investor qualification requirements and suitability profiles. The platform emphasizes managed futures as a core strategy alongside broader alternative investment products.
The December 2020 announcement also noted a change in ownership structure for Galaxy Plus, indicating strategic repositioning within the firm's management. This development, combined with the addition of new fund managers, suggests organizational initiatives to enhance competitive positioning within the managed account platform space, where consolidation of access to quality alternative managers has become increasingly important for institutional allocators seeking efficiency and diversification.
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