Wed, Jul 27, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New