Baird picks CAIS platform for hedge funds

Move will allow advisers to select single-manager hedge funds for the first time

May 17, 2017 @ 1:19 pm

By InvestmentNews

Robert W. Baird & Co. has signed on with CAIS' alternatives platform, allowing its 875 advisers to select single-manager hedge funds for the first time.

"Many of the advisers we have recruited from wirehouses are experienced in offering hedge fund investments, and we wanted to offer them and our other experienced advisers a carefully vetted array of hedge fund managers," said Dayna Kleinman, the firm's director and senior product manager for alternative investments.

Since deciding that it was best not to set up and operate an in-house infrastructure to vet and offer hedge funds, she said the firm had been looking for an outside resource to provide single-manager hedge fund access for more than a year.

Baird will continue to offer a range of fund-of-funds in-house, said Ms. Kleinman.

The CAIS alternatives platform provides broker-dealers with fund access, independent research and due diligence, execution and ongoing support. All hedge funds on the platform are required to undergo independent due diligence by Mercer; the platform makes summary reports and ratings available to advisers.

Approximately 600 advisers and firms use the platform, which handled $4.5 billion in transaction volume since the firm was founded in 2009, said Matt Brown, CAIS founder and CEO.

He said that in the first quarter, the firm added its largest number of first-time users of the platform, as well as a record number of advisers and firms purchasing a hedge fund or other alternative product through the platform.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Behind the scenes at Pershing Insite 2018

What goes on behind the scenes at one of the industry's biggest conferences? Join us for an all-access sneak peek!

Latest news & opinion

Advisor Group acquires Signator Investors and plans on folding it into Royal Alliance

Advisor Group takes 'orphan' broker-dealer off the hands of John Hancock Financial Services.

It's official: DOL fiduciary rule is dead

The 5th Circuit Court of Appeals issued a mandate Thursday making its March 15 decision to strike down the regulation effective.

Supreme Court curbs SEC administrative law judges

'Buckets of Money' adviser Raymond Lucia is entitled to a new hearing, court rules.

Opaque, outdated 401(k) plan disclosures harming investors, advisers

Morningstar report: Lack of data on fees, investments makes advice on rollovers costlier and more challenging for investors.

Mutual funds feel the pinch of platform fees

No-transaction-fee options are a big hit with investors, but funds wind up paying the costs — and passing them on.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print