Ex-Dresdner Banker In Hedge Fund, I-Bank J.V.

Jul 2 2007 | 9:18am ET

Former Dresdner Kleinwort capital markets chief Joe Dryer is teaming up with a Swiss private bank to found an investment bank that will distribute hedge fund products and seed new hedge funds.

Dryer, former Lehman Brothers banker Peter Horbye and Banque Heritage have teamed up to launch the London-based joint venture, Financial News reports. Dryer said that the new firm would take advantage of the links between private and investment banking, marketing products to both family offices and high net-worth investors.

Dryer is planning hire between 25 and 35 people to work at the firm.

In addition to its hedge fund activities, the firm will focus on distribution of debt and equity securities, as well as leveraged finance, private equity and asset management.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.