The future of due diligence for private investments

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DDX is building a new due diligence standard with blockchain technology.

Information about private investments is expensive to produce and consume, impairing research producers, investors and managers of private funds.
  • 36,000,000

    wealthy households worldwide

  • 250,000

    ultra high net worth individuals worldwide

  • 10,700

    single family offices

  • $6,000,000,000,000

    allocations to alternative investments

  • 5,000,000

    due diligence processes per year

  • $10,000

    average cost per due diligence item

The solution? Decentralization.

DDX is democratizing due diligence of private assets. Consumers of information will gain on-demand access to timely information at substantially lower costs, improving decision making and capital flow efficiency. Due diligence providers will gain access to millions of consumers.

Consumers

Trusted Providers

Private Assets

The Project

We are building the Due Diligence Exchange as a distributed network. Due diligence items will be tokenized so they can be submitted and purchased more securely, efficiently and reliably.

  • Eliminates redundant efforts
  • Provides immutable records
  • Provides access to expert consensus
  • Provides critical transparency

Backed by the power of Eleven

Eleven is a pioneer and innovator among alternative investment marketplaces. It has been improving information flow between asset managers and investors since 2010 on a centralized network that started with HFIN One. Eleven makes it easier for investors to access and process information about private investments and make faster, smarter allocation decisions.

Decentralizing certain due diligence information on Eleven would further catapult information flow, reduce costs and improve capital flows.

300

private funds

2,000

accredited investors

$1 trillion

investable assets

34

Countries

The DDX Timeline

DDX represents another evolution of the HFIN One platform—a process that started nearly 10 years ago.

HFIN One launches the first version of its online network.

2011

The HFIN One network grows to $500 billion of investable assets.

2014

Horton Point and HFIN One enter into a partnership.

2016

HFIN One reaches $1 trillion of investable assets.

2017

Horton Point acquires HFIN One.

Q1 2018

DDX White Paper and Advisory Board is assembled.

Q2 2018

Placement team assembled

October 2018

Seed round commences

February 2019

The Road Ahead

Core Working Group formed

Q1 2019

HFIN One becomes Eleven

Q1 2019

Security token offering commences

Q2 2019

ATS Listing

Q3 2019

DDX Exchange launched

Q4 2019

Security Token Offering

Private Placement DDX security token seed round begins 2Q 2019.

White Paper Light Paper

The team building DDX

The DDX team combines technology and asset management leaders that have built and run large investment firms, technology enterprises and branding agencies that have changed industries.

Dimitri Sogoloff

CEO & Co-Founder

Dimitri founded Horton Point in 2006. From 1992 to 2006, he co-founded and ran a $3 billion relative value hedge fund. He co-founded Paladyne Systems, a technology firm sold to Broadridge in 2011, and Infohedge Technologies, a managed IT services firm with over $350 billion of client assets on its platform. He started his Wall Street career in 1986 and worked at a number of institutions as a convertible arbitrage trader and market-maker. He holds a B.S. in Engineering and an MBA in Finance from Columbia University.

Eric Slaim

Chief Digital Officer & Co-Founder

Eric is the founder and CEO of HFIN One / Eleven, an online market network for liquid alternative investment funds and CEO of HFIN Creative, a branding and creative agency for the investment industry. Previously, Eric co-founded Great Atlantic Capital Management, an alternative multi-manager asset management firm, and was Director of Hedge Fund Investments at Ten-Sixty Asset Management, a multi-billion dollar fund of funds and consulting firm for institutional investors. Eric started his career in investment banking at Salomon Smith Barney in 2000 and executed leveraged buyouts at The Carlyle Group in 2002. Eric holds a BBA in Finance and Accounting from the University of Michigan Stephen Ross School of Business.

Kirill Timofeev

Blockchain Project Manager

Kirill is a recognized expert and thought leader in innovation and new technologies in the financial services industry. As a Software Architect at DataArt, he has delivered enterprise-grade projects for some of the world's largest institutions in financial services and capital markets, such as securities settlement platforms and a digital money solution for payments and FX. Kirill has authored numerous thought leadership pieces on cutting-edge technologies, is a regular participant in blockchain conferences and communities, and an active contributor on blockchain uses in fintech.

Alex Martsynkevich

Head of Development

Alex has worked as a senior engineer at Horton Point since 2008. He started as a quantitative developer, handling various aspects of implementation of hundreds of algorithmic trading strategies. In 2014 he was promoted to head of development and now runs full-stack development projects for Horton Point and HFIN One. He started his career as a software developer at Bank of America Securities. Alex has a B.S. degree in Computer Science from Brooklyn College.

Larry Smith

Managing Director & CIO of Horton Point

Larry was formerly Global CIO and U.S. CEO of Credit Suisse Asset Management where he oversaw a portfolio of over $300 billion. Previously, he spent 18 years at JP Morgan Investment Management as Co-head of Fixed Income and ultimately as Global Head of Asset Allocation. Larry also currently serves as the Chairman and CIO of Third Wave Global, a global macro investment firm and Chairman of the Board of Trustees of White Plains Hospital. He holds a B.S. in Finance from the University of Florida and an MBA from the University of California (Berkeley).

Paul Giordano

Managing Director

Paul runs Horton Point's San Francisco office. Previously, he was a partner at Lydian Advisory Group, advising alternative asset managers on growth strategies. He was a founder and CEO of Tamalpais Asset Management, a relative value hedge fund, and served as Chairman of the Board of Redback Networks, overseeing the company's $1.9 billion sale to Ericsson in 2006. Paul is an active participant in the blockchain ecosystem and is a member of the Silicon Valley Blockchain Society, an invitation-only private network of investors and influencers. Paul has a BS and an MBA in International Finance from Pace University and completed PhD coursework in International Economics at Fordham University.

Wendy Lurie

General Counsel

Wendy has over 25 years of legal and compliance experience in the financial services industry. She was the SEC New York Branch Chief from 1992 to 1998. She also served for 10 years as Corporate Counsel at ING Investment Management, where she was responsible for all legal issues in connection with the firm's private investment funds. Wendy has a B.A. in Government from Cornell University and a JD Law degree from Northeastern University School of Law.


The DDX Advisory Board

John Hunt

Advisor

Formerly CEO of J.P. Morgan Asset Management institutional business in the Americas, John managed JPAM’s institutional investment management strategy, investment product sales and marketing, consultant relations, and client service. He was a member of the Americas Executive Committee. Throughout his extensive career in banking and finance, John has been active in asset management, including equity and debt securities, index options, private equity, limited partnerships and real estate. Before joining J.P. Morgan Asset Management in May 2007, John was with Barclays Capital in New York where he was managing director of Financial Institutions Investment Banking, responsible for developing and managing key relationships with leading banks, insurance companies and specialty finance companies. Prior to that, he served as global head of the Industry Strategies Group for Lehman Brothers and Head of the Bank Industry Resource Group at Goldman Sachs. John has a BA in Economics and Business Administration from Vanderbilt University and an MBA in Finance and Accounting from the University of Chicago.

Howard Kurz

Advisor

Howard is an active investor in blockchain projects and a veteran of alternative investments. He is CEO and Chief Investment Officer of Lily Pond Capital Management, a NYC-based private equity firm specializing in providing early stage operating capital and support services to emerging alternative investment managers. Previously, Howard was Head of North American Financial Markets at the Royal Bank of Scotland and the Global Head of Foreign Exchange, Emerging Markets and Proprietary Trading. Prior to RBS, he was a Managing Director at Lehman Brothers where he headed the Multi-Markets Proprietary Trading unit. Mr. Kurz is a graduate of the University of Pennsylvania with a degree in Economics and Finance, and has lectured at the Wharton School on the subjects of capital markets and exchange rates. He is a former member of the Federal Reserve Bank’s Foreign Exchange Committee in New York.

Michael Zaitsev

Advisor

Michael is Chairman of DataArt Solutions, Inc, a global technology consultancy that designs, develops, and supports customized software solutions for some of the world's leading institutions. DataArt employs over 2,500 professionals in 20 locations in the U.S., Europe and Latin America. Michael is responsible for strategic partnerships in the U.S. and Europe and spearheads innovative and growth-focused strategies. Prior to joining DataArt, Michael co-founded Mail.ru, Russia's first free email web-based portal, currently one of the top five email providers in Europe, with 50+ million users. He is an alumnus of Harvard Business School and Moscow State Financial Academy.

Ilya Gorelik, PhD

Advisor

Ilya is the Founder and CEO of Deltix, an industry leader in enterprise-wide information and decision management systems, specializing in processing large sets of heterogeneous time-series data. Deltix is a platform of choice for many asset management firms requiring advanced solutions for systematic trading and advanced time-series data processing and analytics. Deltix offers low-latency trading algorithms to some of the most sophisticated hedge funds in the world. Recently, Deltix launched CryptoCortex, the most advanced institutional trading platform for cryptocurrencies. Prior to founding Deltix, Ilya was a CTO and Head of Engineering at PTC, a global provider of technology platforms and solutions (NASDAQ:PTC) and a Chief Scientist at FirePond. Ilya has a Ph.D. in Computational Mechanics from Moscow Polytech and an MS in Mechanical Engineering from Minsk Polytech.

Alexander Kouperman

Advisor

Alexander "Sasha" is a founding partner of Infohedge Technologies, a premier managed IT services provider specializing in Financial Services. Infohedge services over $530 billion of combined client assets from seven locations in the U.S., Canada and Europe. Prior to founding Infohedge, Sasha served as Chief Information Officer of Alexandra Investment Management, a multi-strategy, multi-billion dollar hedge fund. His expertise is in architecting, building, and implementing high availability financial applications, ranging from Real Time Trading & Risk Management Systems to robust reference data products. At Infohedge, he is responsible for leading strategic and business development. He holds Bachelor degrees from CUNY in Public Accounting and Computer Science and Executive Education certificates from Harvard and MIT.

Working Group

We have formed a Working Group to collaboratively develop best practices for a distributed due diligence exchange. The Working Group includes some of the largest financial institutions in the world.

Interested in getting involved? Email us.