Mon, Sep 25, 2017
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

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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N