Wed, May 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Direct Access Partners acquires listed equity derivative team from I.A. Englander & Co.

Wednesday, September 12, 2012
Opalesque Industry Update – Direct Access Partners, LLC (Direct Access), a diversified institutional financial services enterprise, today announced that it has acquired the listed equity derivative trading team from I.A. Englander & Co. The acquisition marks the significant expansion of the firm’s capabilities in a wide range of equity derivative products.

The Direct Access options team will focus on dynamic hedging, yield enhancement, stock replacement and volatility strategies for client portfolios. The team will implement its strategies through listed equity derivatives, including single stock, ETF and index options. They will be fully integrated into the firm’s equity and fixed income trading teams.

The team joining Direct Access from I.A. Englander includes Harry Silver, Mark Neuberger, Martin Field and Steven Goldfarb. Each team member has over 20+ years of option trading experience at major investment banks, hedge funds and boutique firms.

Ben Chinea, CEO and Founder of Direct Access Partner added, “The I.A. Englander transaction is another step in the execution of our business strategy to expand into relevant and complimentary business lines. The team is an excellent fit as we continue to evaluate and actively pursue new business opportunities in asset management and global institutional trading across all asset classes.”

Donald Motschwiller, Managing Partner of Direct Access Partners added, “We could not be more excited about the I.A. Englander team joining Direct Access as we continue to execute on our growth and diversification strategy. There are few teams that possess the track record, industry recognition, and decades of experience of this group. The team will incorporate sophisticated option analytics, fundamental, technical, and volatility analysis utilizing our intellectual capital and our uncompromising commitment to client service while providing insightful ideas that enhance our clients’ real returns.”

“We are impressed with the depth and diversification of Direct Access’ businesses, robust infrastructure and passion for serving their clients,” said Stephen Tobias, President of I.A. Englander & Co. “The derivatives team is highly talented, leveraging our firm’s deep experience sourcing liquidity. The equity derivative markets continue to expand and this team offers significant expertise and strategic counsel to Direct Access’ larger customer base.”

Harry Silver has 23 years Wall Street experience, the majority of which was at Morgan Stanley, becoming a Managing Director at 34 and co-headed their Equity Index derivative desk. He was also previously with Jefferies & Co. and a multi-billion dollar hedge fund.

Mark Neuberger began his career in 1981 at Morgan Stanley and spent 23 years there ultimately heading the U.S. Single Stock Options desk as Managing Director. Mark has employed his volatility strategies for both the buy side and the sell side including JP Morgan where he was a Managing Director in charge of U.S. Single Stock Options.

Martin (Marty) Field brings 27 years of options experience to Direct Access, including managing American Stock Exchange floor operations for JAS Securities and also a market maker during that time. Subsequent to that he was a Vice President with the Single Stock Options desk at J.P. Morgan.

Steven Goldfarb has been in the industry since 1991 including roles at Susquehanna Investment Group, EntreMed Inc. and Pali Capital.

(press release)

Founded in 2002, Direct Access Partners, LLC is a diversified, institutional financial services enterprise. www.daptrading.com

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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven