S3 Asset Management Adds New Partner.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- S3 Asset Management, a New York-based firm that provides outsourced portfolio financing services for hedge funds, announced today that Kevin Mirabile has joined the firm as a partner, effective October 1, 2004. Mirabile is the former managing director of Barclays Capital's prime brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. , equity finance and short term interest rate businesses. His most recent role was to lead Barclays Capital's hedge fund sales effort. Prior to joining Barclays in 1998, he was the head of Daiwa Securities' prime brokerage business. Before his tenure at Daiwa, he was the president of Morgan Stanley Trust Company and the head of the firms' global custody business. He is a member of the Managed Funds Association, AICPA AICPA See American Institute of Certified Public Accountants (AICPA). , the SIA's Ad Hoc Hedge Fund Committee, the IAFE IAFE International Association of Financial Engineers IAFE International Association of Fairs and Expositions IAFE Instituto de Astronomia y Fisica del Espacio (Buenos Aires, Argentina) , the Professional Risk Managers' Association, the Greenwich Roundtable Founders Council Advisory Board, and is a clinical adjunct professor at DePaul University in Chicago. Mirabile graduated from SUNY SUNY - State University of New York Albany and is a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. . In his new position at S3, Mirabile will help to further develop balance sheet and risk solutions for hedge fund and fund of funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. clients. "Though we were once fierce competitors, it is with great excitement and respect that we welcome Kevin to S3. He is undoubtedly one of the most creative people in the hedge fund business. His new position further validates S3's growth and business model. There are fewer than ten people that can claim to have run all facets of a major Wall Street firm's financing and prime brokerage businesses. S3 now has under its roof a good percentage of the pool of senior business managers for financing and prime brokerage. We believe that our hedge fund clients can clearly benefit from Kevin's high-level experience," said Robert Sloan, Managing Partner at S3 Asset Management. "S3 is already a leading edge outsourced solution for hedge funds, incubators and fund of funds looking to improve the efficiency of their balance sheet. I believe this is a great fit and I am excited about the prospect of working with Bob and my colleagues at S3," said Mirabile. For additional information, contact Charlotte Luer at 239.280.1317 or cluer@ljh.com. |
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