Monday, 1 September 2014
Last updated 3 days ago
Jun 24 2011 | 10:47am ET
Credit Suisse Group is launching a $500 million systematic-trading group to be led by Mika Toikka, the former head of the risk and strategy in the bank’s prop. trading business.
The group will begin with about 20 traders, analysts and other investment employees and trade across liquid markets, including large U.S. stocks and commodity futures, the company said in a statement on Thursday.
“There is great demand for liquid investments with transparency right now,” Toikka, who has been with Credit Suisse for 11 years, told Bloomberg.
The systematic- trading group is based in New York with a presence in Zurich, where the Swiss bank is headquartered. Credit Suisse is in the process of hiring hedge fund managers and former prop. traders from rival institutions to staff the new group.
The initial $500 million includes seed capital from Credit Suisse and money from the bank’s existing quantitative group, according to the statement.
The bank is also assembling an advisory board to oversee the systematic-trading group.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...