Gar Wood Adds To Cap. Intro. Team

Jan 6 2011 | 2:57am ET

Chicago-based mini-prime brokerage Gar Wood Securities has hired an industry veteran to lead the expansion of its capital introduction business.

John McCorvey has been named senior vice president of global prime brokerage at the firm. He joins from Direct Access Partners, where he served as a senior adviser of global prime services. He also worked at hedge fund administrator MadisonGrey.

“Gar Wood is committed to its client-centric approach, consistently delivering high-touch client service across all facets of our business,” CEO Bob Jersey said. “We are very pleased to have John join our team and we look forward to the added value that this strategic move brings to our clients.”

“The industry is changing rapidly and the prime brokerage service platform is evolving as well,” McCorvey said. “There have been a number of mini-prime mergers, acquisitions and closures recently as some of the larger investment banks have moved into the mid-tier space.

“Additionally, clearing firms have also culled their introducing prime brokerage relationships. Given the current climate, we believe the smaller hedge funds are being underserved. Our goal is to fill the void created by these market changes and provide an institutional-quality global prime solution for the small hedge fund universe.”


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

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…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.