Sat, Jun 23, 2018
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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp