Wednesday, 1 October 2014
Last updated 1 hour 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
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...