Tue, Dec 6, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg