Direct Access Partners Buys EFX Prime Services

Sep 13 2010 | 3:00pm ET

Institutional agency-only brokerage firm Direct Access Partners is expanding its prime brokerage unit with the acquisition of EFX Prime Services, a division of First New York Securities.

The deal integrates the EFX Prime Services team into Direct Access Partners. Brian Stutman joins as managing director of global prime services, Andrew Saunders will lead the capital introduction program, and Geoff Webster joins the prime operations group.

According to the firm, the new team complements Direct Access Partners’ capital raising group, and provides hedge fund clients with an integrated capital introduction and capital raising platform.

“The addition of the EFX Prime team adds significant expertise, strong client relationships and a successful capital introduction program to our global prime effort,” said Ben Chinea, CEO of Direct Access Partners. “Working with our proven capital raising team, Direct Access Partners is optimally positioned to address the entire spectrum of hedge fund clients—including start-ups, emerging funds and established managers.”

Direct Access Partners is an independent agency-only brokerage firm offering clients complete anonymity and non-conflicting multi-asset execution in more than 100 markets over an open architecture trading platform. The firm has offices in New York, Boston and Miami.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…