Thu, Sep 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2012

Q&A
Topwater: A risk-based managed account platform can remove a lot of the business risk

Topwater: A risk-based managed account platform can remove a lot of the business risk Bryan D. Borgia

Bryan D. Borgia, Principal, at Topwater Capital Partners LLC, an investment manager based in South Norwalk, CT, contracts managers to run capital on managed accounts. Those managed accounts, which are "risk-based," go on a platform, while Topwater takes care of the setting up and the paperwork. As the environment for new fund managers is harsher, many are happy to find a home in a platform, and so Topwater benefits from that.

Furthermore, some of the portfolio managers are simply not as good managing a business as they are at running money, Borgia said in an Opalesque TV interview last year. Even if most of them are seasoned individuals, they usually are specialized in the money management side.

Topwater is not a traditional seeder. "We are lumped into the seeding bucket because we can be a fist mover," he explained. Besides, he added, Topwater’s model is very clean, as the firm only makes money when the managers make money.

Borgia said in a more recent interview for New Managers that it is not necessarily the case that smaller and newer managers outperform the large ones (even initially), and that managed accounts are a luxury. Read all about it here:

Opalesque: Please remind us what a risk-based managed account platform consists of.

Bryan Borgia: It is a fund that is set-up very much like multi-strat hedge fund, whereby you are allocating to......................

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style