Thursday, 21 August 2014
Last updated 1 hour 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note