Tue, Oct 6, 2015
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).


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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Reuters.com: Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  5. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid