Thursday, 28 August 2014
Last updated 1 hour ago
Jul 5 2011 | 2:21pm ET
Nomura Holdings and one of its top proprietary traders are to launch a new internal hedge fund that will be spun off by the summer of 2014.
The firm and Borut Miklavcic have co-founded Nomura Cross Asset Strategies in London. The hedge fund will feature some of Miklavcic's eight-member fixed-income prop. trading desk, Financial News reports.
Miklavcic and Nomura have been working on plans for Cross Asset for more than a year, but it is still unclear when its maiden fund will debut. Nomura will seed the vehicle, although it is also unclear how much capital the firm will provide.
What is clear is that Cross Asset will be spun-off from Nomura by July 2014, when the U.S. Volcker rule, which strictly limits banks from investing their own capital in hedge funds, comes into force.
Cross Asset would be the second hedge fund launched by a Nomura prop. trader that the firm has seeded this year. The bank was an early investor in Occitan Capital Partners, co-founded by former Nomura derivates trader Herve Gallo, which debuted in January.
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 ...