Avalon Lake Partners Spins-Out Of WTP Advisors

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.”

 


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

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.