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Bryan Borgia Bailey McCann, Opalesque New York:

Bryan Borgia believes in emerging managers. He and his partner Travis Taylor founded their company Topwater Capital Partners, with a risk-based managed account platform that focuses on emerging managers. Connecticut-based Topwater, founded in 2002, is unique in that it requires emerging managers that come on board to bring risk capital.

Borgia was recently interviewed by Greg Despoelberch for Opalesque TV.

A unique approach to emerging mangers

He explains that Topwater takes a unique approach to attracting and working with managers. Managers that work for Topwater receive a much higher payout than the industry standard 20%, but they are also required to have some skin in the game.

"We allocated pools of capital into managed accounts for PMs to run. Those PMs are bringing risk capital to that account and the risk capital that they put up sits in a first and first position. Meaning it is first to absorb losses and first to recoup those losses. In return for that position, we have a higher than normal payout."

The strategy, according to Borgia, allows both the firm and the managers to focus on what they do best. Rather than picking managers based on interviews, Topwater focuses on due diligence and real money. "We are big believers in active due diligence, putting real money in real accounts, affectively aligning i......................

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