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Bailey McCann, Opalesque New York for New Managers: As the asset management industry has matured, investment managers have gotten better about running the business side of the business. The big, brand-name funds all have internal operations that rival traditional banks. Yet, getting that kind of infrastructure off the ground for emerging managers can be much more difficult. New managers typically operate with very lean teams focused on trading. Setting up a sprawling office with loads of administrative staff is often prohibitively expensive until more assets come through the door. However, allocators often want to see a mature business before they are willing to invest. A new firm, Miami-based Hecksher Partners has just launched with the goal of helping emerging managers get over this hump.
"What I've found working in fund administration is that there is a huge gap for new managers. They may have a great strategy, but when they get into due diligence, investors expect a full management blueprint to be in place and it just isn't. We're giving firms a way to outsource that and institutionalize their infrastructure right away," explains Thalius Hecksher, founder and CEO of Hecksher Partners in an interview.
Hecksher built his career at a handful of middle and back office service providers including Linedata, Apex Fund Services, and Trident Trust before launching Hecksher Pa...................... To view our full article Click here
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