Fri, Jul 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Avalon Lake Partners spins out from WTP Advisors to focus on alternatives

Monday, September 10, 2012

amb
Lou Sala
Bailey McCann, Opalesque New York:

New York-based Avalon Lake Partners, is launching today after spinning out from New York- based tax advisory firm, WTP Advisors, where it served as the capital markets division. Led by industry veterans Lou Sala, Jay Goldstein, and Ilicia Silverman, Avalon Lake will focus solely on providing a broad set of advisory services to the alternative asset management industry, namely hedge funds, private equity and family offices.

Sala originally established Sala Associates in 2007, which provided business advisory services for alternative investment firms. WTP Advisors acquired Sala Associates in 2011, creating a capital markets division for the firm. Prior to Sala Associates, Lou managed Paloma Partners Management Company’s hedge fund incubation platform where he was responsible for manager selection, fund launch, and overall operational infrastructure. He also led several strategic initiatives, including the sale of its back and middle offices to JP Morgan to form JP Morgan Hedge Fund Services. He will now serve as managing partner and CEO for Avalon Lake Partners.

"After working with WTP Advisors for nearly the last two years, we decided that it made sense to refocus specifically on the business management aspects of alternatives," explains Sala in an interview with Opalesque. "I think the time has come for a firm that focuses specifically on these issues, given the rapidly changing business environment faci......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New