NEW YORK, May 13, 2013 /PRNewswire/ — Israel A. Englander and Co. today announced that its Managed Accounts & Prime Services (MA&PS) division, the first and only technology platform offering powerful solutions for emerging hedge fund managers and investors, has expanded its footprint to Palm Beach County, Fla.
Brett Langbert, Managing Director, Head of Sales, is in charge of MA&PS' newly opened Palm Beach office, where he will be dividing his time between this office and MA&PS' New York office. MA&PS also has an office in Santa Monica, Calif. MA&PS' clients include emerging hedge funds, fund of funds, family offices, pension funds, endowments, and managed account platform providers.
MA&PS chose the Palm Beach County location because it's increasingly becoming a haven for hedge funds, investors and others who work in the alternative investment sector. Besides the year-round sunny weather, Palm Beach County has become an attractive locale for the fund industry partly because of its business-friendly climate, which includes no state income tax.
"Palm Beach County is an ideal location for MA&PS to expand its operations because it's a region that is in need of the services that we offer to the alternative asset community," said I.A. Englander President Stephen Tobias. "We anticipate that more hedge funds and investors will relocate to this area which presents a terrific opportunity for MA&PS to significantly grow its client base in this dynamic business environment."
Mr. Langbert added, "We anticipate strong demand for our managed account platform and prime services in this region, where a significant number of hedge funds and investors have relocated over the past few years. MA&PS' presence here provides them with the ability to take advantage of a growing industry trend of utilizing managed accounts platforms which are a convenient, efficient and cost-effective avenue for allocators to find more comfort to make investments in early stage managers by removing operational and infrastructural costs and risk."
Recently launched to serve the needs of emerging hedge fund managers and investors, MA&PS is specifically designed to offer exceptionally high-quality service and support while dispensing innovative, scalable and competitively priced multi-prime solutions as business requirements evolve for this growing demographic. MA&PS also offers a differentiated and fresh approach to capital introduction, leveraging its investor relationships via the unique MA&PS platform and solutions. MA&PS provides traditional prime brokerage services that are enhanced with customized investment solutions targeting entities that manage and invest, or both, capital via a separately managed account (SMA) structure.
For more information about MA&PS, please visit www.iaenglander.com.
About MA&PS
I.A. Englander's Managed Accounts and Prime Services division (MA&PS) is the premier provider of value-added multi-prime brokerage services for the small and mid-cap hedge fund community and investors. MA&PS offers a customizable platform with cutting-edge technology for risk management and reporting tools supported by experienced professionals delivering competitively priced concierge/white-glove services and support.
About Israel A. Englander & Co.
I. A. Englander was founded in 1977 as a partnership on the American Stock Exchange (AMEX) and a floor brokerage "boutique." Today, Englander's core options execution business represents a significant share of the daily traded contracts on the NYSE AMEX and the Chicago Board Options Exchange (CBOE). Dedicated to providing a true value add to its institutional customers, the firm leverages deep-rooted relationships, leading-edge technology solutions, and high-touch service to optimize the client experience.
The firm continues to have a significant presence on the floor of the NYSE Amex and CBOE being strategically positioned to provide clients with direct access to market liquidity.
I.A. Englander is a FINRA and SIPC member.
For additional information, contact:
Marc Weinstein
Spotlight Financial Marketing
For I.A. Englander MA&PS
(212) 521-5902
Email