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Prime Brokerage Services Platform Launched by Silver Leaf Partners.

NEW YORK -- Silver Leaf Partners, LLC announced today the official launch of a new prime brokerage service called SLPrime. As an introducing broker dealer to Merrill Lynch, Silver Leaf Partners offers a unique prime brokerage service that combines the global brokerage and clearing capabilities of Merrill Lynch with high quality trade execution, marketing and consulting services of Silver Leaf Partners.

SLPrime's comprehensive array of services includes:

--Electronic Trade Execution

--Portfolio Accounting Reports

--Marketing and Distribution Services

--Turnkey Office Solutions

--Single-Point-of-Contact Customer Service

Silver Leaf's management team is comprised of former buy-side professionals with first hand experience managing the investment operations of hedge funds. "We understand that experience and flexibility are the keys to success in the prime brokerage business. To that end, our mission is to provide our clients with the advice and the tools necessary to achieve their goals," explains Fyzul Khan, CEO of Silver Leaf Partners.

SLPrime was built with the emerging fund manager in mind. According to Khan, "we spent months conducting research by speaking to numerous fund managers about their needs and challenges. Many of the managers were unhappy with the levels of service that their current prime brokers were providing. We saw this as a tremendous marketing opportunity for a high quality prime brokerage services platform dedicated to small and medium sized funds".

Another significant influence to the development of SLPrime was the tremendous growth in the number of new hedge funds launched. According to the results of the annual hedge fund database study by Strategic Financial Solutions, LLC, approximately 1,200 new funds were launched in 2003 compared to fewer than 150 funds launched in 1993. According to the study, nearly 40% of the estimated 5,500 single manager funds today have assets of $25 million or less.

Tim Bepler, manager of the Kinsale Life Science portfolio affirms that: "SLPrime is an excellent platform and particularly so for startup managers like myself who typically receive limited & fragmented attention from the larger brokerages. Silver Leaf provides me with professional office space, sophisticated electronic trading and timely accounting reports. I can focus on fund performance while Silver Leaf handles everything else".

About Silver Leaf Partners, LLC: Silver Leaf is an NASD registered broker dealer headquartered in New York City. Silver Leaf Partners provides trade execution, prime brokerage, marketing and consulting services to the institutional trading community.

For more information about Silver Leaf's prime brokerage services platform, please contact Kevin P. Meehan at 212-632-8423 or visit Silver Leaf's website at
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Publication:Business Wire
Date:Dec 17, 2004
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