Wednesday, 27 August 2014
Last updated 3 hours ago
Feb 15 2012 | 1:17pm ET
Cantor Fitzgerald is continuing its expansion into hedge funds with plans for a seeding fund.
Cantor, which last announced plans to buy its way into the industry and then made good on that promise with the acquisition of Cadogan Management, is to begin the second phase of its hedge fund strategy with the seeding fund. The New York-based investment bank hopes to raise as much as $1.25 billion for the vehicle, Dow Jones Newswires reports.
The firm's first seeding vehicle would provide between $25 million and $50 million to between 20 and 25 emerging hedge fund managers. Cantor is seeking to recruit an executive to run its seeding business, the details of which—including the amount to be raised—remain in flux.
"The launch of a seeder fund will tie in well with our prime brokerage business which caters to $50 million to $1 billion funds," CEO Shawn Matthews told DJ. "Since we're actively involved in hedge funds, we have a unique perspective on funds, and knowledge about who's planning to launch this year."
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 ...