Forefront Communications

Markets Media: Pier 88 Taps LiquidityBook for POEMS

Forefront

Mark Dowd

Mark Dowd

Pier 88 Investment Partners, the three-year-old San-Francisco-based alternative asset manager that invests in public equities and convertible bonds, managed its initial fund using a combination of Bloomberg EMSX, a prime broker’s P&L monitoring platform, and a series of internal spreadsheets to monitor risk limits and reconcile performance, said Jackie Fertitta, COO and CCO of Pier 88.

After registering with the U.S. Securities and Exchange Commission and launching its second of its four current funds, the asset manager decided that it was time to invest in a dedicated POEMS platform.

“As a small fund we are very conscious about our expenses,” she said. “However, it is a high priority for our firm to establish institutional quality processes for our investors.” After investigating its options, Pier 88 selected LiquidityBook’s Web-based LBX Buy-Side offering.

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