Saturday, 20 September 2014
Last updated 17 hours ago
Sep 10 2012 | 8:12am ET
WTP Advisors’ capital markets team is leaving the nest—as Avalon Lake Partners.
Led by Lou Sala, Jay Goldstein and Ilicia Silverman, Avalon Lake will move to New York and away from tax advisory work to focus on providing advisory services to the alternative asset management industry, particularly hedge funds, private equity and family offices.
“The time has come for a firm to step up and become the preeminent provider of business support to the alternative investment industry,” said Avalon Lake CEO Sala, whose business was acquired by WTP Advisors in 2011, in a statement. “We will be singularly focused in this space and positioned tonimbly respond to the ever-changing financial landscape.”
Silverman becomes head of business development and partner while Goldstein becomes a partner. The new firm is already planning to expand, opening offices in Chicago and San Francisco in “the near future.”
The Avalon team sees opportunity in new regulations governing the alternative assets sector. Earlier this year they launched a Form PF diagnostic product and a software solution to help clients with Form PF filing “as well as to satisfy additional regulatory, investor and operational requirements complete with comprehensive workflow and audit trail.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.