Fri, Apr 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the