Mr Liptak will be the sole employee and chief executive of the ZGA in its early stages, while his former colleague at Zenith, David Smythe, will be a non-executive director of the new company.
But while Mr Liptak is no longer an employee of Zenith, Mr Smythe (co-founder and director of Zenith) will continue in his full-time role at the research house.
ZGA will leverage Mr Liptak’s long-term relationship with global alternatives firm Gottex Fund Management, which primarily provides portfolio selection and asset allocation advice to hedge funds.
There will be very little crossover between the retail clientele of Zenith and the institutional clientele of ZGA, said Mr Liptak.
"There’s no point in ZGA or Gottex doing what Zenith already does," he said.
Mr Smythe said Zenith alternatives research manager James Tsinindis would step into Mr Liptak’s role at Zenith, and that Zenith’s alternatives team would be unaffected as result of the departure.
Zenith is not looking to recruit to replace Mr Liptak, added Mr Smythe.
