BTIG, a broker-dealer catering to the alternative investments industry, has launched a convertible securities business, entrusting it to former hedge fund manager Robert Langer.
Langer joins BTIG from Stanfield Capital Group, the New York-based hedge fund where he managed a convertible and capital structure arbitrage vehicle. Before joining that firm, he was a partner at hedge fund Promethean Investment Group.
“Our new convertible securities group is a strategic addition to our existing business lines and further enhances and diversifies our product offering,” Steven Starker, co-founder of BTIG, said. The firm currently offers equities, derivatives, fixed-income and prime brokerage services. “We have always run our business in a way so that we align our interests with our clients’. The expansion into convertible securities exemplifies this philosophy as our clients have demonstrated a need in this area.”
Joining Langer on the convertibles team are several other hedge fund veterans. Bill Feingold, who has worked at FrontPoint Partners and Clinton Group, was named a director and convertible trader at BTIG. He joins the firm from his own convertible advisory firm, Hillside Advisors, founded last year. Matthew Zucker comes to BTIG from New York-based BAM Capital. The newly-minted director and convertible desk analyst previously worked at Quattro Global Capital.