S3 Asset Management, the New York-based firm that aggregates and manages prime brokerage services for hedge fund clients formed by former CSFB prime brokerage chief Bob Sloan, has formed a strategic alliance with LJH Global Investments that includes the appointment of LJH’s President and Chief Investment Officer James R. Hedges, IV to the S3 Advisory Board, which now includes six high profile industry leaders.
LJH will work with S3 to position the firm’s expertise across its broad relationships in the hedge fund and financial services industry. Among S3’s services are portfolio financing and balance sheet management, outsourced financing desk with anonymity, synthetic financing, tax efficiency and portfolio optimization, data aggregation and operational reporting. “As the prime brokerage business continues to evolve, S3 is well-positioned to support hedge funds’ needs for an experienced resource to perform time consuming activities such as stock lending and yield enhancement, therefore enabling them to focus on their core competency of managing money,” says James R. Hedges IV.
Robert Sloan and Krishna Prasad, partners at S3 Asset Management, say the alliance builds on S3’s already strong reputation in the hedge fund industry. “In addition to providing turn-key solutions to large hedge funds we also help small to mid-sized hedge funds who seek the buying power and extensive interfaces afforded to the larger hedge funds,” says Sloan.