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

Dynasty's Penney: Top RIA trends for 2018

What's next for RIAs? Dynasty's Shirl Penney talks about the growing numbers of entrepreneurial advisers. Plus, what inspired his own entrepreneurship.

Latest news & opinion

Meet our 2017 Women to Watch

Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

House passes tax bill, focus turns to Senate

Tax reform legislation expected to have more of a challenge in upper chamber.

SEC enforcement of advisers drops in Trump era

The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print