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West Palm Beach (HedgeCo.net) – Execution LLC, an agency-only global broker dealer, today announced that it has opened a New York office as part of its long-term US growth plan.
Execution’s new office is located at 450 Park Avenue and will include space for US sales and trading, desk analysts, options and European sales. The New York office will allow for further growth in headcount, and will facilitate deeper relationships and exceptional service for many of the firm’s New York based clients.
“Having a New York presence will enable us to hire outstanding talent from New York, New Jersey and Long Island and will further enhance the level of service for both new and existing clients,” Gary Cunningham, CEO, Execution LLC said. “New York will complement our existing offices in Greenwich and San Francisco and was the natural next step for the firm.”
Daniel Fox, Partner of Execution, will oversee the NY office and will be joined by Jonathan Fairhurst, AnnaMarie O’Neill, Chief Market Strategist Rick Bensignor and Financial Desk Analyst Yousef Abassi. John Margolis, who recently joined Execution following a 20 year career in technology and trading most recently with Thomson Financial, will also be joining the team to build out an options capability.
Execution will maintain its Greenwich office and is in the process of opening a Boston office where the firm will service Boston based accounts for US, European and Asian equities. Execution has developed an edge operating in a velvet rope environment on a platform free of proprietary trading conflicts.
Execution LLC is the U.S. subsidiary of London based Execution Limited, a full-service agency broker providing clients with execution, sales, trading, research and corporate access, free from the conflicts inherent in proprietary trading and corporate broking. Execution services many of the world’s major investing institutions, including mutual funds, pension funds, insurance companies and hedge funds. Empowered by its technology and differentiated by its people, Execution provides access to the market’s core liquidity providers through extensive personal relationships and expertise. Execution LLC is a member of NASD and SIPC.
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Siliconindia.com – An Indian-American investment adviser has been sentenced to 10 years in prison following his conviction on 20 counts of fraud with a scheme that bilked 15 investors of $12.5 million.
Amit Mathur, 38, of Shrewsbury, Massachusetts, was also ordered to pay restitution to his victims by the federal District Court in Worcester, the Boston office of Federal Bureau of Investigation (FBI) said in a release.
West Palm Beach (HedgeCo.net) – Hedge fund tax manager at Wellington Management Company, John F. Harvey III, has joined international law firm Proskauer Rose LLP as a partner in the Boston office.
At Proskauer, Harvey will be a partner in the Tax Department, where he will focus on tax aspects related to the formation, operation and investment activities of a broad range of private investment funds, such as buyout, venture and hedge funds, among other things.
“John’s unique and varied skill set will serve as an ideal strategic complement both here in Boston and across the firm,” Steven M. Ellis, head of Proskauer’s Boston office, said. “Our private investment funds practice is extremely tax intensive and, as we expand our capabilities around the world, this experience becomes even more important. John is a key addition to what is already a tremendous platform.”
Proskauer’s Private Investment Funds Practice Group, which is recognized by Chambers USA, US Legal 500 and numerous other directories and publications as among the leading practices of its kind, represented sponsors in closing more than 125 funds with over $30 billion in committed capital and closed more than 450 investments in all types of funds, representing well over $19 billion, in 2008.
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
West Palm Beach (HedgeCo.net) – Hedge fund tax manager at Wellington Management Company, John F. Harvey III, has joined international law firm Proskauer Rose LLP as a partner in the Boston office.
At Proskauer, Harvey will be a partner in the Tax Department, where he will focus on tax aspects related to the formation, operation and investment activities of a broad range of private investment funds, such as buyout, venture and hedge funds, among other things.
“John’s unique and varied skill set will serve as an ideal strategic complement both here in Boston and across the firm,” Steven M. Ellis, head of Proskauer’s Boston office, said. “Our private investment funds practice is extremely tax intensive and, as we expand our capabilities around the world, this experience becomes even more important. John is a key addition to what is already a tremendous platform.”
Proskauer’s Private Investment Funds Practice Group, which is recognized by Chambers USA, US Legal 500 and numerous other directories and publications as among the leading practices of its kind, represented sponsors in closing more than 125 funds with over $30 billion in committed capital and closed more than 450 investments in all types of funds, representing well over $19 billion, in 2008.
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
