Tag

Ignite Asset Management

Browsing

Ignite Asset Management is a new name in the MotoGP paddock’s lexicon, as well as the new sponsor of Ducati’s “junior” team. While each year sponsors come and go, Ignite is a bit different from the usual batch of names plastered on the side of a GP bike, and the investment firm is getting some interesting play in the otherwise unassuming motorcycle world.

If you are not sure what an “alternative asset management” investing firm happens to be, then the American company’s self-description as a “management firm led by a group of hedge fund industry veterans and supported by private investors that are driven by the undiscovered alpha” is going to really leave you really wondering what slicks-back the hair on these Wall Street types.

Boiled down to its essence, an alpha represents the ratio of an investments and measure how sizable a return was in relation to measured risk. A positive alpha coefficient signals that an investment was good not only in its return, but also in its risk management. Investors are always talking about “seeking alpha” and here Ignite is touting its professional ability of finding the diamond in the rough — standard Wall Street Napoleon Complex stuff.

So then, how does a company like Ignite Asset Management enter into a sport where the running joke about how to make $10 million dollars is to start with $100 million?

Along with the unveiling of the Ducati Corse factory team, Ben Spies, Andrea Iannone, and the rest of the Pramac Ducati team were on hand at the 2013 Wrooom event to unveil their factory-supported hardware. Continuing the close relationship between Ducati Corse and Pramac Team Principal Paolo Campinoti, the Pramac Ducati squad will help Ducati develop the Desmosidici race bike during the 2013 MotoGP season.

Though the logos may be sparse, Pramac Ducati sees the addition of Ignite Asset Management to the team’s livery, a New York-based asset management firm. Moving from the factory Yamaha team to the Ducati “junior” squad, Spies will be joined by Moto2 star Iannone, who captivated fans last year with his aggressive riding style and back-end cornering procedures.