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

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.