Saturday, 28 March 2015
Last updated 1 day ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…