Sat, Apr 25, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner