TFG To Offer Ops. Outsourcing, Hires Ex-Caxton, Stoneworks Exec.

May 1 2012 | 3:05am ET

TFG Systems has hired a former Caxton Associates executive to run its new operations outsourcing business.

Marc Sharman joins TFG from Stoneworks Asset Management, where he was head of operations. Prior to co-founding Stoneworks six years ago, Sharman was head of credit operations at Caxton Europe Asset Management, handling its middle- and back-office functions, prime brokerage and its relationships with brokers and administrators.

"I am very pleased to welcome Marc to TFG; combining his experiences of building an efficient operations teams with TFG’s highly regarded focus on our clients allows us to extend our service beyond software," TFG CEO Martin Toyer said. "We now provide a fully managed offering which reaches beyond the standard middle office functions enabling hedge funds to fully outsource their operations."

"I found TFG Complete to be a powerful tool; at Stoneworks we used it for all aspects of fund operations," Sharman added. "It is the only system I have experienced which, for trade capture, reconciliation and position accounting right through to real time risk reporting has exceeded my expectations. I am excited to join the TFG team and build their outsourced operations business."


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...