Capstone Veterans Ready Volatility Hedge Fund

Sep 21 2010 | 9:09am ET

The former trading chief at Capstone Investment Advisors is set to launch his own volatility arbitrage hedge fund.

Stephen Yashar has founded Cosyne Capital Management along with Frank Erven, also formerly of Capstone, and Hamid Zanganeh, who formerly worked at Gladius Investment Group and Pardus Capital Management. The Stamford, Conn.-based firm will trade options for its main volatility strategy, but will also have a statistical arbitrage portfolio, Bloomberg News reports.

Cosyne’s maiden fund is set to debut next month.

“There are a lot of idiosyncratic opportunities in the single-stock space, especially with the increase in activity in corporate mergers and acquisitions and special situations,” Yashar told Bloomberg.

Yashar spent three years at Capstone after stints at Nomura Holdings and Bankers Trust. He left Capstone in May.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...