NEW YORK, March 13, 2013 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that ConvergEx Prime Services is greatly expanding its capital introduction program to make 2013 the most active year for cap intro events in the company's history. In addition to facilitating a greater number of one-on-one meetings, it will also offer access to a growing list of regional events, customer dinners and targeted speaking opportunities at industry conferences. Through these events, Prime Services' customers will have access to a comprehensive universe of investors while also being strategically aligned with allocators that have specific interests in their individual strategies.
"Despite the fact that we have seen a notable pickup in the number of new funds that have been launched in the past few quarters, customers are telling us that it has never been more difficult to raise new money," said Doug Nelson, chief executive officer of ConvergEx Prime Services. "Our extensive program will give managers additional resources to enhance their sales and marketing strategies by leveraging ConvergEx's wide-ranging customer base and industry relationships."
"Importantly, we have also devoted a substantial amount of effort expanding our contacts to include many of the lesser known allocators from sources including family offices, fund of funds, wealth advisors, foundations, endowments and emerging manager platforms so customers can receive maximum exposure to potential investors," said Michael DeJarnette, president of ConvergEx Prime Services. "And as an added benefit to customers, we have also enhanced our internal systems to track the effectiveness of their sales and marketing efforts."
This expanded effort builds on a strong year of growth for ConvergEx Prime Services in 2012. In addition to signing on a record number of new customer accounts, the unit reached a new high in its total assets under custody.
"The hedge fund landscape never stops changing which is why we stay committed to evolving our offerings to help position our customers for growth and success," added Mr. Nelson.
ConvergEx Prime Services is an industry‐leading provider of integrated prime services to Hedge Funds, Family Offices, Mutual Funds, and Registered Investment Advisors. It offers advanced technology, global execution and reporting tools provided by multiple prime custody options through Goldman Sachs Execution and Clearing, L.P., J.P. Morgan Clearing Corp and Pershing LLC. Its customers are exposed to a broad base of long‐standing customer relationships with an experienced team providing high quality service and unique advantages in the marketplace.
About ConvergEx Group
ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves customers accessing over 100 global markets. The firm serves more than 4,000 customers accessing over 100 global markets. Formed in 2006, the firm has over 1,250 employees located in 23 cities throughout the Americas, Europe, Middle East, Africa and Asia-Pacific.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); Eze Castle Software LLC; RealTick LLC; ConvergEx Solutions LLC, of which ConnEx, Jaywalk and LDB are divisions; and ConvergEx Limited in the UK and Australia. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
SOURCE ConvergEx Group