I.A. Englander & Co., an equity and derivatives brokerage firm has launched Englander Research to provide independent research services for hedge funds. Seth B. Novatt, formerly Managing Director of CIBC World Markets, was appointed Executive Vice President of the new division.
Englander Research will provide fundamental equity and industry analysis. Launched at a time when most firms are reducing research offerings, Englander Research aims to highlight investment themes across several industries, and will seek to identify both long and short opportunities.
By focusing on under-covered companies, Englander Research will also seek to highlight significant opportunities for investors looking for inefficiencies in the market. Englander Research believes that these investment opportunities exist across the market-capitalization spectrum.
Prior to his tenure at CIBC World Markets, Novatt spent 15 years at Oppenheimer & Co., holding executive level positions in the firm’s institutional and private client divisions. He received a BA from Clark University and an MBA from Columbia University.
“For over 25 years, I.A. Englander has been committed to offering institutional investors and hedge funds outstanding execution and market insight,” says Stephen R. Tobias, President of I.A. Englander. “The addition of independent research to our suite of services will significantly expand our clients’ access to new investment opportunities and trading strategies.”
Peter Feinberg, Executive Vice President of I.A. Englander, adds: “I had the opportunity to work alongside Seth for 15 years at CIBC Oppenheimer; we are very pleased to welcome him to the team at Englander. Seth’s considerable experience serving institutional investors and hedge funds will be invaluable as we launch Englander Research.”
“I.A. Englander has a rich history serving the equities and derivatives markets,” Novatt concludes. “Our intention is that Englander Research will provide creative, unbiased, conflict-free analysis, which will leverage our core capabilities. I’m excited to work with such a dedicated team.”