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Direct Access Partners, LLC Receives Top Award for Capital Introduction among Boutique Prime Brokers
For Immediate Release
Direct Access Partners, LLC Receives Top Award for Capital Introduction among Boutique Prime Brokers
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HFM Week awards the firm top honors in Capital Introduction – shortlisted in three other categories
NEW YORK, N.Y., October 18, 2011 – Direct Access Partners, LLC, (DAP), a leading multi-asset class institutional trading and prime brokerage firm, today announced that hedge fund industry publication HFM Week has awarded Direct Access Partners “Best Boutique Prime Broker – Capital Introduction.” The award was given during the 2011 Service Provider Awards which honor the leading prime brokers, law firms, fund administrators, and accounting firms. Direct Access Partners was shortlisted for three other categories including best overall boutique prime broker as well as best Consulting Services and Client Service in the category. The winners were announced during an award ceremony in New York on October 13, 2011.
Led by Andrew Saunders, the Direct Access Partners Capital Introduction program provides clients capital consulting services and numerous face-to-face introductions to active, relevant hedge fund investors through its active event program and inbound inquiry from hedge fund investors including family offices, fund of funds, endowments and foundations. The unique offering is augmented by Direct Access Partners’ Capital Raising team that has facilitated over $500 million in hedge fund allocations over the last two years.
Brian Stutman, Managing Director of the Global Prime Services division commented, “Over the last year we have built a unique hybrid approach to capital introduction and are pleased by the industry recognition. The Capital Alternatives Group combines highly focused third party marketing with high-touch, consultative Capital Introduction Services. Our institutional trading clients and prime brokerage customers benefit from our investor relationships. We have focused on the needs of emerging and mid-sized managers and have the track record of success to support this high industry honor.”
Ben Chinea, CEO of Direct Access Partners added, “I am proud of what the Prime Services team has accomplished since arriving last year. Against a number of larger, more established competitors we proved our model is successful. I have heard the positive client feedback all year and am happy that we received broader industry acknowledgement.”
About Direct Access Partners, LLC:
Direct Access Partners, LLC is a customer focused, multi-asset class trading partner to a broad range of institutional clients. Direct Access Partners clears and executes in 115 international markets providing anonymity through a diverse set of high-touch and electronic execution options. Direct Access Partners has offices in New York, Boston, Miami and a significant presence on the NYSE trading floor.
The firm has a strong operational foundation and technology platform and provides a wide range of trading-related services including global prime service, independent research and commission management. The Capital Alternatives Group offers hedge fund clients a unique, integrated capital introduction and capital raising solution. The high-touch/high-tech approach powered by the firm’s entrepreneurial spirit characterize Direct Access Partners’ successful independent brokerage model.
For more information about Direct Access Partners, please refer to our website at www.daptrading.com.
Media Contact:
Direct Access Partners
Richard Fremont
(212) 850-8869