Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…