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Alex Rabinovich Benedicte Gravrand, Opalesque Geneva for New Managers:

Alex Rabinovich, Managing Director of Chessica Asset Management, announced today that his firm, which he set up with Victor Plotkin in 2009, had been acquired by MIP Global Inc., (aka "Mosaic Investment Partners"), a Washington, DC-based diversified financial services firm with expertise in asset management, wealth management and investment banking.

Lee Weiss, who previously was the President of Fidelity Investments’ Family Office, and who created and led Merrill Lynch’s Private Banking and Investments Group in New York City, founded MIP Global.

"Victor and I are thrilled to be joining with MIP Global," Rabinovich says. "We have found a true partner who is providing us with world class technology, back office and capital raising capabilities, freeing us up to focus on generating top tier investment performance."

Both managers are Russian nationals and former chess masters.

As part of the acquisition, they have launched a new hedge fund, called the Mosaic Premium Fund.

The Premium Fund will employ the same index options premium strategy that they have traded for the past 20 years in separate accounts, Rabinovich says. The Fund’ strategy is based on a proprietary global market momentum......................

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