Mon, Sep 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gottex’s LUMA managed account platform partners with Southport Harbor to be its U.S. representative

Monday, July 23, 2012
Opalesque Industry Update - LUMA Solutions Services Limited (LUMA), a Gottex Solutions Services subsidiary (GSS), which operates a leading European platform offering managed accounts services for UCITS III, European onshore and offshore funds, has recently engaged in a strategic non-exclusive partnership with Southport Harbor Associates to be its platform representative in the United States. Southport Harbor Associates is a leading investor-driven, full-service consulting and marketing platform for hedge funds.

The LUMA Solutions Services platform aims to become the most technically advanced platform within the current marketplace, offering transparent pricing, top-tier service providers, integrated tax reporting, and unique risk management capabilities, by providing access to both offshore and onshore funds, via fully transparent managed accounts or through the LUMA Direct Access Program.

In this new relationship, Southport Harbor Associates will participate in the distribution capabilities within the United States for managers on the LUMA platform, as well as source compelling managers who would benefit from the platform’s numerous capabilities.

“We are excited to have partnered with a professional team like Southport Harbor, as its investor-driven approach to the marketing of managers fits very well within our strategy, helping provide the infrastructure and support to grow the managers on the LUMA platform,” commented Greg Troccoli, Global Head of Business Development for LUMA Solutions Services.

“The partnership with LUMA is further testament to the success of Southport Harbor’s unique model that presents compelling hedge fund offerings tailored to the mandates of the institutional investors with whom we work,” added Steven Simmons, Global Head of Sales for Southport Harbor Associates.

(press release)

Based in Luxembourg, LUMA is an affiliate of Gottex Fund Management Holdings Ltd (Gottex) and provides full managed account services for both Luxembourg UCITS III vehicles, onshore European and offshore funds including assistance and advisory services on daily position reconciliation, independent pricing, including estimated daily NAVs, advisory services on risk monitoring and reporting, One-Click Partitioning,and assistance on management of service provider relationships. LUMA benefits from the operational and investment expertise of Gottex, a leading provider of alternative investment solutions to institutional investors globally. As of June 30th, 2012, Gottex held USD 7.4 billion in fee earning assets. www.lumasolutions.com

Southport Harbor Associates is an alternative-investment consultant and advisory firm headquartered in Southport, Connecticut. Southport Harbor provides an operational framework for alternative managers designed to nurture the development of their business model. Southport Harbor is uniquely focused on understanding the needs of institutional investors and specifically tailors a consultative approach to alternative-fund allocation across numerous strategies. The firm has a global span within the institutional investment community yet maintains a boutique approach that provides unparalleled client service.

Southport Harbor Associates has an exclusive relationship with Triliad Securities, LLC, is a New York–based investment banking firm and member of the Financial Industry Regulatory Authority (FINRA).

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali