Wed, Apr 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

I.A. Englander develops managed accounts and prime services for emerging managers

Tuesday, April 16, 2013

Bailey McCann, Opalesque New York:

In 2010, I.A. Englander launched its managed accounts and prime services along side its electronic trading platform. The electronic trading platform spun out of Englander last summer, as planned, leaving the firm with the plumbing of a prime services division. Now, that division is providing new and critical infrastructure to the emerging managers that work with Englander.

"We have comingled a prime services offering with a managed accounts offering," explains Brett Langbert, managing director, I.A. Englander, in an interview with Opalesque.

The solution keeps costs down by working through a brokerage model, compared to other solutions providers in the industry which keep managed accounts separate. According to Brett Yarkon, head of risk management at Englander, the offering came after firm principals looked at the book of business using these services since 2010, and noting that many of the business decisions were centered around managed accounts.

"There was a switch of power pre-2008, when investors opened managed accounts wherever the hedge fund manager had their prime services. Now, after 2008, investors are dictating to managers where the accounts should be opened, and executed, and those mandates were going outside of the Englander infrastructure, creating a business dilemma for the manager. It requires a significant capital infrastructure to run a diverse set of managed accounts like that," he says.

"It was also......................

To view our full article Click here

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  4. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance