NBCN Prime Brokerage Services and Innocap Investment Management Inc., a wholly owned subsidiary of National Bank of Canada, announced the launch of their new European-based managed account platform for alternative investment managers. This offering resulted from the integration of Innocap’s Direct Access managed account platform with the NBCN Prime Brokerage offering.
“NBCN Prime Brokerage clients now have a superior and efficient way to offer international investors access to their funds through Innocap’s Direct Access Solution coupled with our prime brokerage service offering,” said James Niosi, vice-president of NBCN Prime Brokerage Services. Canadian managers now have a unique opportunity to expand their investor base by leveraging this solution.”
The Innocap Direct Access Solution is implemented in part through a fully managed account platform structure based in Malta, a member of the European Union for which Innocap acts as investment advisor.
“Innocap’s Direct Access Solution provides a full oversight role for hedge funds by acting as intermediary between the hedge fund and its investors. We provide full legal, risk valuation, shareholder administration and overall administrative functions to the hedge fund manager, while offering complete transparency and risk monitoring to the investor,” explained Martin Gagnon, managing director of Innocap.
NBCN Prime Brokerage Clients will be able to leverage the entire prime brokerage service offering with this newly integrated solution implemented through a European Union-based structure.