Nomura, Prop. Trader Plot Hedge Fund Launch

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.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.