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New Managers December 2018

PROFILES: Hecksher Partners, Jim Hedges

 

Hecksher Partners launches outsourced c-suite platform for asset 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 Partners. At Hecksher, he has brought together a team of accountants, COOs, CFOs, and administrators that have years of experience working with funds from the startup stage through to maturity. Hecksher has created an outsourced c-suite platform that provides a complete business structure for individual funds so that managers can focus on trading.

Hecksher tells Opalesque New Managers that although there have been big strides in terms of making fund administration and fund boards outsourced and independent, there is still room to......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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