Nomura Asia Prop. Desk Chief To Launch US$400M Hedge Fund

Jul 11 2011 | 1:10pm ET

Nomura Holdings' proprietary trading desks are proving a hothouse for hedge fund seedlings.

The latest Nomura prop. trader to sprout into a hedge fund manager is Benjamin Fuchs. The head of Nomura's global opportunities group, Fuchs plans to launch an Asia-focused hedge fund backed by his former employers later this year, Reuters reports,.

Fuchs hopes to raise at least US$400 million for B.A.F. Capital Management's maiden fund; up to US$200 million of that will come from Nomura.

B.A.F. will employ 24, with 13 investment professionals, according to Reuters.

News of Fuchs' hedge fund dreams follow Nomura's decision to launch a hedge fund headed by fixed-income prop. trader Borut Miklavcic internally. The bank plans to spin-off Miklavcic's fund, Nomura Cross Asset Strategies, by 2014 to comply with the U.S. Volcker rule, which strictly limits banks from investing their own capital in hedge funds.

In January this year, Nomura seeded Occitan Capital Partners, founded by Herve Gallo, a former derivatives trader at the bank.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR