Gar Wood Securities, LLC is pleased to announce the addition of three seasoned industry veterans, Darren Day, Christopher Calvertand Joseph McDonald. Gar Wood’s expansion is an effort to increase the firm’s presence in the emerging manager space by providing prime brokerage and capital introduction to new and emerging fund managers.Read More
Gar Wood Securities, LLC taps options industry veterans Mark Oakley, Jeffery Fried and Steven Hessing to manage Gar Wood’s new CBOE Brokerage Services unit. This newly formed department spearheads the expansion of the firm’s derivatives execution services, ensuring that Gar Wood’s prime brokerage offering continues to effectively address the execution needs of its ever expanding list of clients.Read More
Gar Wood Securities, LLC took top honors among the mini-prime brokers in the 2010 Global Custodian annual prime brokerage survey, finishing first in 6 of 11 categories. Gar Wood had a strong showing versus competition – earning first place in total points, as well as in the critical areas of client service, financing, securities lending, operations and margin lending. Overall, Gar Wood showed the most consistent performance among the mini-prime brokers with very strong marks for consulting services, cap intro and overall value.Read More
In response to major market dislocations in the wake of the ongoing credit crisis and insolvency among premier global investment firms, hedge funds are taking a serious look at their prime brokerage relationships, with many seeking to diversify their relationships in order to reduce their risks and exposures. With the flight to quality, and the remaining bulge bracket firms at or near capacity, smaller and mid-size managers are looking to the boutique prime brokers more than ever. Additionally, many of the larger, more established funds are also looking to the distinct business models of the boutique primes and giving them greater consideration.Read More
This year marks the 15th anniversary of the Global Custodian Prime Brokerage Survey, covering 25 noted prime brokerage firms. 2,853 hedge funds responded, and most answered at least 141 questions, effectively rating the services provided to them by prime brokers across nine service areas (client service, operations, hedge fund business consulting services, financing, securities
lending, reporting, capital introductions, technology and value). Gar Wood Securities made its debut this year to very favorable reviews.
Gar Wood Securities, LLC, is pleased to announce that they are now a member of the National Futures Association (“NFA”), and have expanded their product offering to include futures and FOREX, said Bob Jersey, CEO and founder.Read More