HedgePort Associates, an independent C-Suite service provider, has established an advisory board initially including industry veterans Ted Seides and Bill Salus.
The board will assist Hedgeport with strategic initiatives as the company continues its running underlying hedge fund and private equity fund businesses.
Seides co-founded and served previously as president and co-chief investment officer of the multibillion dollar alternative investment firm Protégé Partners. In 2010, he was profiled in Larry Kochard and Cathleen Ritterheiser's book "Top Hedge Fund Investors: Stories, Strategies, and Advice." Prior to Protégé, Seides worked at the J.H. Whitney & Company, Stonebridge Partners, and Yale University Investments Office, where he began his career.
"In an evolving industry in which costeffective Csuite solutions can benefit across the spectrum from startups to closures, Hedgeport has distinguished itself over many years by its great people and high quality service. I am excited to join Hedgeport's advisory board and look forward to working with Andrew, Paul, and the team," says Seides.
Salus, the former global chief executive officer of Apex Fund Services, has more than 30 years’ experience in sales, management, and consulting in the global investment and financial services industry, including holding various key roles throughout Asia. He was previously managing director and business executive for BNY Mellon's asset servicing organisation and helped form its global financial companies structure. Salus has also held senior positions at PNC Global Investment Servicing, KeyCorp, Security Pacific Bank, and Bank of America. He was a member of the ICI International Operations Advisory Committee.
"All types of managers, from hedge to private equity and from start up to existing funds are reviewing how best to build a money management business that allows managers to do what they do best manage capital and acquire customers – while having the rest of their work handled optimally and professionally by experienced private fund operators," says Salus. "This describes a growing market for HedgePort, and I am privileged to assist in an advisory capacity."
"Forming Hedgeport's initial advisory board comes at a pivotal time in Hedgeport's history," says Andrew Springer (pictured), founder and CEO. "We are truly fortunate to have the guidance and leadership of Seides and Salus to complement our versatile team."