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People moves news

Gar Wood chooses trio for prime brokerage


31 March 2014 Chicago
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
Gar Wood Securities has hired industry veterans Darren Day, Christopher Calvert and Joseph McDonald in an effort to increase the firm's presence in the emerging manager space.

Gar Wood is aiming to provide more prime brokerage and capital introduction to new and emerging fund managers.

Day was previously a board member and partner at Concept Capital Markets, after forming and subsequently selling Alaris Trading Partners to Concept Capital Markets.

Calvert assisted in the launch and successful marketing of over 100 managers over the last eight years.

McDonald formed, co-managed and raised assets for both Mutual Funds and Hedge Fund strategies by focusing on investor allocations from institutions and advisors.

"We are delighted that Darren, Chris and Joe chose Gar Wood . Their combined experience servicing hedge funds and '40 Act funds with marketing, trading and custody is unique and a compliment to Gar Wood's current business," said Bob Jersey, president and CEO of Gar Wood Securities.

Formed in 2004, the firm is headquartered in Chicago.
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