Issue #57

Despite what some might say, alpha is not dead. It’s simply evolving — shifting away from legacy structures and traditional models toward something smarter, more agile, and far more promising.

The hedge fund industry has traditionally focused on scale, prioritising asset growth — but the landscape is evolving, with greater emphasis now being placed on outcomes and performance. We’re now seeing a new generation of specialist managers emerge: small, focused teams leveraging deep domain knowledge and advanced technology to create meaningful value. These managers aren’t burdened by outdated infrastructure or legacy incentives. Instead, they’re free to innovate, adapt quickly, and align directly with client goals.

This is where the future of alpha lies.

With the right tools and a thoughtful approach, smaller, technology-enabled managers are not just keeping pace — they're outperforming. They are uncovering opportunities that traditional firms often overlook. And they’re doing it with transparency, efficiency, and a genuine commitment to performance.

At Noviscient, we’re proud to be part of this shift. We’re building the platform and infrastructure that empowers specialist managers to thrive — supporting specialist managers with the technology, data, and infrastructure they need to scale efficiently and focus on delivering alpha. By reducing friction and aligning incentives, we’re helping build a smarter, fairer investment ecosystem.

Alpha hasn’t disappeared — it’s simply moved, and the future belongs to those ready to follow it into smarter, more agile ways of investing.