Sat, Feb 13, 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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at