Thursday, 25 December 2014
Last updated 21 hours ago
Jan 19 2011 | 1:03pm ET
First New York Securities, the proprietary trading firm planning to launch its first hedge fund, has made half-good on its pledge to hire 40 traders to lead that effort.
The firm has hired 19 traders, to be exact, it said today. Most of the new hires joined the firm from banks, with a smattering of hedge fund veterans thrown in as well.
Among the alternative investment pros joining First New York are Alain Delelis, formerly of Vega Asset Management and ex-global head of spot and proprietary trading at Credit Suisse, Robert Farrell, formerly of Soros Fund Management and Morgan Stanley, Mark Hill, formerly of Carlson Capital, Ken Lissak, formerly of several hedge funds, including SAC Capital Advisors, Eddie Sanches, formerly of Galleon Group, and Ram Seshadri, formerly of Balyasny Asset Management.
"We welcome these talented additions to our team and look forward to continued growth across business lines including domestic and international equities, macro rates, foreign exchange, commodities and fixed income," CEO Joseph Schenk said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.