Gar Wood Securities has added three industry veterans, Darren Day, Christopher Calvert and Joseph McDonald.
Gar Wood's expansion is an effort to increase the firm's presence in the emerging manager space by providing prime brokerage and capital introduction to new and emerging fund managers.
The new group offers a combined 40 years of financial market experience, as well as many aspects of fund formation, trading and capital raising.
Day was previously a board member and partner at Concept Capital Markets, after forming and subsequently selling Alaris Trading Partners to Concept Capital Markets.
Calvert assisted in the launch and successful marketing of over 100 managers over the last eight years.
McDonald formed, co-managed and raised substantial assets for both mutual funds and hedge fund strategies by focusing on investor allocations from institutions and advisors.
"We are delighted that Darren, Chris and Joe chose Gar Wood .Their combined experience servicing hedge funds and '40 Act funds with marketing, trading and custody is unique and a compliment to Gar Wood's current business. Gar Wood is fully committed to providing its independent brokers with a suite of solutions that will allow them to efficiently grow and manage their businesses while providing their clients with the best-of-breed trading tools and services," says Bob Jersey, president and CEO of Gar Wood Securities.
Formed in 2004, the firm is headquartered in Chicago with branch offices in Atlanta, Dallas, Del Mar, California, Mobile, Alabama and New Jersey.