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MAXAM Capital Management Selects Backstop IPM; Prominent Investment Management Firm Chooses Leading On-Demand Software for Investment Partnership Management.

DARIEN, Conn. -- Backstop Solutions Group, LLC (BSG) announced today that MAXAM Capital Management LLC, a diversified investment firm founded by hedge fund luminary Sandra Manzke, has chosen Backstop Investment Partnership Management software (Backstop IPM) to manage MAXAM's portfolio management, manager due diligence and research, client relationship management and reporting processes.

MAXAM needed a system from which all employees and independent members of the MAXAM Consortium could easily access, analyze, and share critical business intelligence, from anywhere in the world. At the same time the firm was seeking to achieve cost reduction, improve service quality and leverage advanced technologies to gain a competitive advantage. By bringing together specialized tools, business infrastructure and ongoing support into one bundled package, Backstop IPM offers MAXAM a flexible alternative to expensive internal development initiatives, and enables the firm to enhance the aggregation, analysis and delivery of data across the entire organization.

"With the growing number of new funds created every day, manager research is becoming more complex," said Sandra Manzke, CEO of MAXAM Capital Management. "After reviewing several options we chose Backstop IPM, it simply offers the most cost-effective, easy to deploy and rapidly scalable solution for collaborative research and information management."

Sandra Manzke is a recognized pioneer in hedge fund consulting to high-net worth and institutional investors, and in the creation of diversified funds of funds through the identification of talented investment advisors. Ms. Manzke founded Tremont Capital Management Inc., where she served as co-CEO, and was instrumental in Tremont's becoming the first major consulting firm to focus on hedge fund managers.

"We are very pleased to have been selected by MAXAM Capital Management," said Jeremie Bacon, CEO of Backstop Solutions Group. "Our Backstop IPM solution is a perfect fit for diversified firms like MAXAM that are seeking to enhance the performance and reliability of their due diligence processes in order to make more informed and knowledgeable decisions in portfolio construction. Backstop IPM helps enhance operational efficiency, and enables firms of all sizes to focus more on core business and portfolio strategies, and less on technology."

About MAXAM Capital Management:

MAXAM Capital Management LLC was founded in April 2005 by Sandra Manzke, formerly the founder and co-Chief Executive Officer of Tremont Capital Management Inc., where she pioneered the inclusion of hedge fund investing in high net worth and institutional portfolios. MAXAM covers the entire investment management community, with business concentrations in funds of hedge funds, emerging and minority managers, and investable indexing products. MAXAM has a roster of sixteen employees, ten of whom have worked together at their predecessor firm. Currently, MAXAM has $1.3 billion in assets under management.

The MAXAM Consortium is a select group of like-minded hedge fund firms that will have access to, and contribute to a private database of investment advisors. The group will be interactive, although the members will act independent of each other, bringing extra depth to each organization.

Additional information is available at

About Backstop Solutions Group:

Backstop Solutions Group, LLC (BSG) is a leading provider of innovative software to alternative asset managers, including funds of funds, hedge funds and family offices of all sizes. Founded in 2003 with backing from investment managers, BSG has quickly grown to service a clientele with more than $30 billion in assets under management.

Leveraging the on-demand software delivery model, agile software development methodologies, and innovative technologies, BSG developed the groundbreaking Backstop Investment Partnership Management application (Backstop IPM). Backstop IPM helps alternative investment managers to increase operational efficiency, improve investor communication, and manage their portfolios.

Additional information is available at
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Publication:Business Wire
Article Type:Company Profile
Date:Feb 6, 2006
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