First Light Asset Management Partners with Market Street Advisors
BERWYN, Pa., Nov. 5, 2013 /PRNewswire-iReach/ -- Market Street Advisors, a technology and services innovator for the investment management industry, announced that First Light Asset Management, LLC (First Light) has selected the Archer MSA® investment management platform and a full suite of operational services from MSA Ops to support its recently launched business.
First Light was established in September 2013 by CEO and Senior Portfolio Manager, Matt Arens and Managing Director, Brett Johnson. First Light needed a turn-key solution from a company with extensive knowledge of separately managed accounts and back office expertise. Mr. Arens said, "The experience and responsiveness of Market Street Advisors' team was a key element in our decision."
Ron Rawdon, Senior Vice President, Director of New Business Development at MSA, noted, "First Light is a great example of how our technology and services provide a complete solution for investment managers distributing their products across multiple separate-account platforms." First Light will use Archer MSA for trade order generation, portfolio accounting, performance measurement and reporting. The company will also use complete middle and back-office outsource services from MSA Ops.
About Market Street Advisors
Market Street Advisors is a technology and services innovator for the investment management industry whose clients manage over $1 trillion in assets. The company provides a complete solution through its fully-integrated platform, Archer MSA® in addition to a full range of middle and back office operational services through MSA OpsSM. For more information on Market Street Advisors, visit: www.marketstreetadvisors.com.
About First Light Asset Management, LLC
First Light is an investment management firm focused on identifying health care companies it believes will provide high investment potential for its clients. The firm's investment strategy is largely driven by the conviction that a disproportionate number of health care innovations tend to come from smaller, more agile companies with disruptive technologies. As a result, First Light primarily invests in small-cap public health care securities, carefully balanced with some mid- to large-cap stocks. For more information, visit www.firstlightam.com.
Media Contact: Jon Anderson, Market Street Advisors, 484-615-6269-107, firstname.lastname@example.org
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SOURCE Market Street Advisors