Altaira Strategic Partners, LLC, a provider of back and middle office solutions for investment funds, has expanded its platform with two new offerings, Alpha+ and Krell+. These solutions are designed to help fund managers scale their businesses efficiently by addressing specialized functions like fund treasury and technology infrastructure management without the burden of hiring additional personnel or implementing new technology systems.
Michael Fastert, Founding Partner and CEO of Altaira, stated that “discrete operational alpha” will be a key component for the next generation of fund performance. He highlighted that adding passive alpha to investment performance can create true organizational performance, viewing Alpha+ and Krell+ as measurable ways for managers to unlock untapped alpha through smarter treasury management and optimized technology deployment.
Alpha+ focuses on transforming fund treasury into a source of passive alpha. As fund treasury operations grow in complexity, streamlining counterparty payments and optimizing relationships can reduce costs. Alpha+ offers a centralized treasury management and securities lending program to optimize operations and capital use, enabling fund managers to generate “passive alpha” in addition to market alpha. Tools provided include collateral and margin optimization, short borrow optimization, active cash management, and wallet share optimization across multiple prime brokers.
Fastert noted that for mid-sized funds, inefficient treasury management can lead to a disadvantage compared to larger funds with dedicated capabilities, potentially costing 30 to 50 basis points annually. Bundled with treasury management, Altaira’s tax optimization service assists clients’ CFOs and trading teams in strategically harvesting losses, navigating wash sales, minimizing taxable events through trade timing, and strengthening compliance reporting to enhance after-tax returns.
Krell+ addresses technology infrastructure by combining vCTO (virtual Chief Technology Officer) and vCIO (virtual Chief Information Officer) services into a flexible, scalable solution. This allows fund managers to manage their technology infrastructure and data ecosystem without the expense of full-time senior technology hires. Fastert explained that a lack of dedicated in-house technology personnel can result in disparate systems and missed opportunities for maximizing potential or adopting next-generation technology and AI.
Altaira’s experienced technology team, with over 60 years of combined experience in designing and managing technology environments for hedge funds, works with clients’ managed service providers to optimize infrastructure. Krell+ also helps managers establish a “golden source” of data for improved reporting accuracy, portfolio research, and operational resilience. Modular solutions available include data warehouse management, external data integration, technology system integration, and AI integration.
Altaira’s pricing model for these new services is designed for equal treatment across all clients. Alpha+ is charged as a fixed basis-point fee to the fund. Krell+ vCTO services are offered as an hourly bundle, typically 10–15 hours per month, scalable as needed. Krell+ vCIO services are project-based or offered as a flat-fee bundled service covering reporting and data management.
Founded in 2024 and headquartered in New York, Altaira Strategic Partners LLC is an independent spin-out from AlTi Global, a global wealth manager with over $77 billion of assets under advisory and management. Altaira’s mission is to provide a state-of-the-art institutional operating environment for both emerging and established asset managers. Its origins trace back to Tiedemann Investment Group, which has been offering institutional back and middle office services to fund managers since 1980.
