Sun, Dec 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Maxim Group enhances its introduced prime brokerage with SunGard's VPM

Wednesday, October 30, 2013

Beverly Chandler, Opalesque London:

News came today that Maxim Group is to use SunGard’s VPM services to support its clients. Maxim offers a full service investment banking and brokerage firm, providing services to hedge funds, investment advisors, family offices and high net worth individuals. Headquartered in New York with some 350 people, the firm prides itself on being institutionally orientated in its capital markets activities and offers introduced prime broking via Pershing, a subsidiary of the Bank of New York Mellon, the firm’s clearing partner.

Seth Michaels, Maxim Group managing director and head of prime brokerage explains that the firm has seen a change in the introduced prime brokerage business since 2008, when many of the largest prime brokers changed their service models or refocused their efforts. Michaels says that his firm can handle hedge funds from emerging managers with just $5m up to funds with hundreds of millions of dollars.

Maxim Group offers these services to customers in the US and globally, in Asia, Europe and South America. "We see a fair number of start-ups" he says. "We like dealing with start-ups but we also see a number of opportunities where hedge funds have already been in existence but are looking for an upgrade, post the start-up phase and on their path way to significance which is where we feel w......................

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und