Forefront Moves Into Galleon's Old Offices

Oct 19 2010 | 9:33am ET

In New York, one firm's demise means another's new digs. Asset management firm Forefront Advisory has signed a 25,030-square foot 'sub' sublease with the former Galleon Group for the entire thirty-fourth floor at 590 Madison Avenue, more than doubling the size of its New York headquarters.

590 Madison Ave.590 Madison Ave.The firm, which had been located 13 blocks south on Madison Ave., says the new space can will allow it to go forward with its growth plans, which include having 25 portfolio managers on board by year-end.

"This transaction enables Forefront to move into high-end, turnkey space that can accommodate the group’s current size, as well as its near and long-term growth,” shared David Dusek, senior managing director of international commercial real estate services firm Studley. “Of paramount importance to Forefront was the ability to capitalize on the existing infrastructure left behind by Galleon – saving our client millions of dollars in up-front capital costs.”

David Wasitowsk, a managing partner at Forefront, added, “We create communities of bright portfolio managers and a culture that promotes the sharing of ideas and research within a professional trading environment. We also provide risk management, technology, compliance and operational support. If we don’t have enough space, our community and culture becomes constrained. The new space offers the physical room to grow and better reflects our image to the marketplace and portfolio managers.”


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of