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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...