Sat, May 7, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n