{"id":19721,"date":"2011-01-03T08:08:03","date_gmt":"2011-01-03T12:08:03","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=19721"},"modified":"2011-01-03T08:18:41","modified_gmt":"2011-01-03T12:18:41","slug":"wtp-advisors-acquires-hedge-fund-provider-sala-associates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2011\/wtp-advisors-acquires-hedge-fund-provider-sala-associates.html","title":{"rendered":"WTP Advisors Acquires Hedge Fund Provider Sala Associates"},"content":{"rendered":"<p>New York (HedgeCo.net) &#8211; Hedge fund\u00a0tax and business advisory firm, WTP Advisors has acquired hedge fund provider\u00a0Sala Associates LLC. Sala Associates will now become\u00a0WTP Capital Markets.<a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/bigstockphoto_Business_Handshake_257240.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-19724\" title=\"Acquisition\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/bigstockphoto_Business_Handshake_257240-229x300.jpg\" alt=\"\" width=\"229\" height=\"300\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/bigstockphoto_Business_Handshake_257240-229x300.jpg 229w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/bigstockphoto_Business_Handshake_257240.jpg 260w\" sizes=\"auto, (max-width: 229px) 100vw, 229px\" \/><\/a><\/p>\n<p>\u201cThere is a growing need for business experts who can manage the operations side of investment funds. By providing back and middle office infrastructure, WTP Capital Markets lets hedge fund managers focus on trading,\u201d Michael Minihan, Partner and co-founder of WTP Advisors, said, \u00a0\u201cWe will also concentrate on offering business advisory services specific to investment banks, including process re-engineering, which can result in significant cost savings.\u201d<\/p>\n<p>WTP Capital Markets will offer tailored solutions for hedge funds in start-up and transitional phases focusing on operational infrastructure, including, fund administration and prime brokerage assessment and selection, staffing, and serving as pro-tem CFO\/COO. WTP Capital Markets will also help financial institutions improve their bottom line and reduce costs by streamlining their technology and operational systems.<\/p>\n<p>Louis J. Sala, principal and founder of Sala Associates will come aboard as CEO of WTP Capital Markets.\u00a0\u00a0Sala\u2019s 25 years of experience in the finance industry has made Sala Associates a much sought-after firm for handling the \u2018blocking and tackling\u2019 functions of hedge funds, as well as investment banks.<\/p>\n<p>\u201cIn the post-Madoff era the hedge fund industry has witnessed a greater emphasis on ensuring fund managers focus on the business of running a business.\u00a0 Portfolio managers must be actively engaged in building and maintaining cost effective infrastructures with sound internal controls,\u201d Sala said.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Hedge fund\u00a0tax and business advisory firm, WTP Advisors has acquired hedge fund provider\u00a0Sala Associates LLC. Sala Associates will now become\u00a0WTP Capital Markets. \u201cThere is a growing need for business experts who can manage the operations side [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19721","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=19721"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19721\/revisions"}],"predecessor-version":[{"id":19726,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19721\/revisions\/19726"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=19721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=19721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=19721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}