Fursa Alternative Strategies LLC is an employee owned hedge fund sponsor. The firm invests in the public equity and fixed income markets across the globe. The firm also invests in the alternative investments markets, typically limiting such investments to private equity. It employs various activist strategies along with an event-driven strategy and a distressed debt strategy while making its investments. The firm was formerly known as Mellon HBV Alternative Strategies LLC.

Fursa Alternative Strategies was founded in 1999 and is based in Lynbrook, New York with additional offices in London, United Kingdom and Hong Kong, Hong Kong.