Sunday, 28 December 2014
Last updated 2 hours ago
Jun 27 2011 | 3:06am ET
Capstone Holdings Group's holdings will soon be just one: hedge funds.
The New York-based firm will close its broker-dealer unit, Capstone Global Markets, by the end of the month, founder Paul Britton told Bloomberg News. The firm is moving to focus exclusively on its $1.1 billion hedge fund unit, Capstone Investment Advisors, as regulators increase their scrutiny of brokers and investors shy away from potential conflicts of interest.
"Investors are asking for more alignment from their managers and a simpler platform that is free of potential conflicts," Britton said. "We want to focus on our core expertise of volatility trading."
Capstone Global Markets employs about four people.
Separately, Britton said the firm in January added former Stark Investments partner Joe Lukas as its new president and chief operating officer.
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.