Sun, Aug 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers June 2013

Servicers' Spot - Meet Concept, your friendly prime broker

Jack Seibald Jack Seibald and his partner, who co-founded Concept Capital Markets, a prime brokerage head-quartered in Garden City, NY, used to be hedge fund managers; they launched a sector long/short equity fund in '97 called Whiteford . That is why they know how to provide assistance and solutions to effectively launch your fund.

"Much of what Concept has become, including the infrastructure that supports the business and the services offered to hedge fund managers stems from that experience," he tells Opalesque.

"We have sat on that side of the table and know that managers tend to have preferences for what they trade, how they trade, who they trade with, how they look at their portfolio, what kind of reports they like."

So a standardized offering will not work, but a flexible one will.

Concept's platform makes sure managers don't have to make to many adjustments to fit in, whether in terms of trading means or reporting for example. It is all about, make yourself comfortable and start trading.

Under the usually correct assumption that most emerging managers have never run a business before, Concept also provides a pre-launch consulting service. Seibald explains this service helps managers understand their future needs, the service providers they will have to hire (often together with actual introductions) and their budget. "This helps managers understand what they are getting themselves into and I think they most appreciate that," he adds.

Concept's revenues for the most part come in the form of commission on transaction activity. "But it's also about building the relationships," he......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius