Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
20/01/2010
First New York launches prime services division
First New York Securities, a New York-based broker dealer, has launched a prime services division.
The unit, EFX Prime Services, will focus mainly on US long/short equity hedge funds with approximately $50m under management.
The unit, EFX Prime Services, will focus mainly on US long/short equity hedge funds with approximately $50m under management.
First New York Securities had expressed an interest in establishing a prime services unit for quite some time. EFX Prime Services hired Brian Stutman to head up the division as managing director. Stutman was previously co-head of prime services at Lighthouse Prime Services.
Andrew Saunders joined as director of marketing and capital introduction, he was most recently managing director of Hedge Connection, a web-based investor introduction platform. Geoffrey Webster, director of operations, was previously head of the middle-office for programme trading at both Morgan Stanley and Goldman Sachs.
As part of First New York Securities expanded services, it will also ramp up its allocation division, EFX Capital and make selective allocations to managers via managed accounts.
- Share
-
Text Size
Decrease text size
Increase text size
Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More29/02/2012
UK: Open Protocol: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!