United First Partners, the independent London-based brokerage
and advisory firm focusing on event-driven, relative value and
special situations, is planning to open an office in New York
and target mutual funds in a bid to accelerate the growth of
its business into the long-only world in addition to its core
hedge fund clientele.
Set up at the end of 2009 by former ICAP event-driven
brokers Michael Hadjedj and Stephane Mardel, United First
Partners has built a client base of over 150 investors in its
first two years of operation.
Hedge and 'active' investment funds account for around 75%
of the broker's client base, with banks and prop...