ConvergEx Prime Services Offers Real-Time Investment Management Platform to Clients
NEW YORK, May 21, 2014 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc. (Nasdaq:LIQD), a provider of a single real-time platform that integrates order, execution, and risk management with reporting and shadow NAV in the cloud for the financial services community today announced that the company has signed a joint marketing agreement with ConvergEx Prime Services LLC, the prime services division of ConvergEx Group LLC. Under the terms of the agreement, ConvergEx Prime Services will offer the Liquid platform as an option to its broad portfolio of prime brokerage clients including hedge funds, family offices, mutual funds, and registered advisors, and Liquid will refer its clients to ConvergEx for prime brokerage services.
"We are thrilled to work with ConvergEx Prime Services, one of the leading names in the prime brokerage industry, because we share a common commitment - empowering hedge funds to build more successful, long-term businesses through smarter solutions," said Brian Storms, CEO of Liquid. "We look forward to providing their clients with the kind of superior technology and service they would expect of a ConvergEx partner."
"We are impressed with the Liquid platform and are excited to introduce it to our clients and prospects," said Douglas Nelson, CEO of ConvergEx Prime Services. "The platform's convergence of cloud technology and real-time investment management capabilities will help our clients to address the complex range of challenges they face from a trading and risk perspective while also meeting investor demands for transparency and institutional credibility."
The Liquid platform is a smarter, simpler solution for fund managers - freeing up their time to manage investments by eliminating unnecessary and outdated infrastructure, and time-consuming middle-office processes. Unlike other solutions, the platform is purpose-built for alternative asset managers, powered by a proprietary cloud, and backed by managed services. Moving to a single, real-time environment across trading, portfolio and risk management, investor reporting, and shadow NAV helps managers drive better insights into portfolio performance while institutionalizing their businesses with repeatable, secure controls over disaster recovery, business continuity, data management, and broker reconciliations.
"We are thrilled to work with ConvergEx Prime Services, one of the leading names in the prime brokerage industry, because we share a common commitment - empowering hedge funds to build more successful, long-term businesses through smarter solutions," said Brian Storms, CEO of Liquid. "We look forward to providing their clients with the kind of superior technology and service they would expect of a ConvergEx partner."
"We are impressed with the Liquid platform and are excited to introduce it to our clients and prospects," said Douglas Nelson, CEO of ConvergEx Prime Services. "The platform's convergence of cloud technology and real-time investment management capabilities will help our clients to address the complex range of challenges they face from a trading and risk perspective while also meeting investor demands for transparency and institutional credibility."
The Liquid platform is a smarter, simpler solution for fund managers - freeing up their time to manage investments by eliminating unnecessary and outdated infrastructure, and time-consuming middle-office processes. Unlike other solutions, the platform is purpose-built for alternative asset managers, powered by a proprietary cloud, and backed by managed services. Moving to a single, real-time environment across trading, portfolio and risk management, investor reporting, and shadow NAV helps managers drive better insights into portfolio performance while institutionalizing their businesses with repeatable, secure controls over disaster recovery, business continuity, data management, and broker reconciliations.
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