Convergex Group, a provider of investment technologies and execution solutions to institutional clients, has completed the integration of NorthPoint Trading Partners, its recently acquired boutique prime brokerage business.
Convergex now offers an integrated prime services model that combines traditional boutique prime brokerage offerings with Convergex’s investment technologies and global reach.
The new model expands the products and technologies available to smaller hedge funds and other asset managers and gives clients access to a complete suite of services.
"Convergex is known throughout the industry for its strong commitment to technological innovation and together we have deep insights into the needs of hedge funds. In fact, just between Convergex’s NorthPoint and Eze OMS businesses, we serve more than a half-trillion dollars of hedge fund assets," says Douglas Nelson, chief executive officer of NorthPoint Trading Partners. "By offering a solution for virtually all of our clients’ needs, from start-up services and capital introduction to advanced execution technologies, we have created a one-stop shop that is truly unique in the marketplace and one that gives our clients a considerable edge."
"With the new integrated prime services model, NorthPoint is leading the way in providing fund managers with a truly comprehensive and customisable product that is backed by our high-touch client service," adds Michael DeJarnette, president of NorthPoint Trading Partners. "In a highly competitive industry, this new model separates NorthPoint from other prime brokerage firms with the extensive services that the NorthPoint and Convergex partnership provides."
