Englander Brokerage Boosts Prime Brokerage

Mar 26 2013 | 11:55am ET

Millennium Management chief Israel Englander's brokerage business has set up a new technology platform for its rebranded prime brokerage arm.

Israel A. Englander & Co. said it has expanded its prime brokerage business, which is now known as managed accounts and prime services, particularly with a new platform designed for hedge funds managing less than $250 million. I.A. Englander now offers prime brokerage services enhanced by customized investment solutions, including to separately-managed accounts, it said.

"MA&PS is a dynamic innovation that is the first of its kind enabling hedge fund managers and investors to utilize comprehensive and value-added services on a single customizable technology platform that will give them competitive and strategic advantages in today's rapidly changing and increasingly complex environment," Stephen Tobias, president of I.A. Englander, said.

I.A. Englander hired a new prime-brokerage chief, Frederick Scuteri from Thomson Reuters, in December.

Englander remains a passive minority investor in I.A. Englander.

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