Tue, Sep 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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco