Direct Access Partners Taps Stutman To Lead Prime Unit, Adds Enhanced Services

Mar 1 2011 | 8:40am ET

Direct Access Partners has appointed Brian Stutman as managing director and head of the firm’s global prime services unit, which now provides comprehensive custodial, trading and capital introduction service to small- and mid-sized hedge funds.

Direct Access Partners is a correspondent broker to Goldman Sachs Execution and Clearing, and through its relationship with Pershing, a unit of Bank of New York, clients may choose among a broad selection of DMA platforms including Knight Trader and Redi+.

“With these enhancements and new leadership, the Direct Access Partners Global Prime Services platform is on par with our world-class institutional trading business,” said Ben Chinea, CEO of Direct Access Partners. “Prime clients gain access to our value-added services including corporate access, commission management and access to independent research.”

Stutman added, “The Direct Access Partners Global Prime Services is perfectly suited to partner with small and mid-sized hedge funds. We have the trading expertise of the NYSE floor, upstairs and DMA platforms, operational expertise combined with unparalleled marketing acumen and relationships of our Capital Alternatives Group.  Our partnership approach will help our clients reach their marketing, operational and trading objectives.”

Last September, Direct Access Partners began the expansion its prime brokerage unit with the acquisition of EFX Prime Services, a division of First New York Securities.

Direct Access Partners clears and executes in 115 international markets. The firm has offices in New York, Boston, Miami and a significant presence on the NYSE trading floor.


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