Columbus Avenue Consulting Unveils Emerging Manager Platform

Oct 29 2009 | 4:35am ET

Hedge fund administration firm Columbus Avenue Consulting has launched an Emerging Manager Platform to provide basic administration to start-up fund managers.

The Emerging Manager Platform is designed for single-prime long/short equity managers in the start-up phase of their business. This level of administration will include accounting services and monthly investor reporting at a reduced cost from the full administration platform.

“We are able to offer a reduced fee structure by limiting our services to basic portfolio accounting, which is the minimum most start-up managers require,” said Joe Holman, founder and managing partner of Columbus Avenue Consulting. “As the fund grows in assets and the portfolio employs more sophisticated asset classes, we can easily scale up our services to match the fund’s administration needs.”

The addition of the Emerging Manager Platform brings on a third tier of administration to Columbus Avenue’s suite of services. Columbus Avenue provides full daily and monthly administration to over 60 clients with varying strategies.

“Columbus Avenue has the processes and procedures in place to provide administration to nearly every type of strategy. However, the challenge we faced in 2009 was not a complex asset class. It was finding a way to meet the managers’ operational requirements without exhausting their resources,” said Stephanie Doane, head of business development at Columbus Avenue Consulting. “The back half of this year has loosened investor purse strings and we expect to see many of these start-up managers succeed. Our goal at Columbus Avenue is to get these managers off on the right foot with strong operations and a solid back office.”

Columbus Avenue Consulting was founded in 2004 and currently serves over 60 hedge fund, fund of funds, and separately managed account clients in North America representing over $5 billion in assets under administration. The firm employs over 50 employees worldwide with offices located in New York, Dallas, and Toronto.


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...

 

From the current issue of