Brokerage and fund services provider Concept Capital Markets has rolled out a registered investment adviser (RIA), HFMWeek reports. The new entity, called Concept Asset Management, will allow prime brokerage clients of Concept to run separately managed accounts of hedge fund strategies.
It will also focus on existing and potential investors, mainly family offices and high-net-worth individuals, who will be able to allocate to the complete structure or individual investments. The launch of the new managed account platform follows Concept’s acquisition of Alaris Trading.
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