Monday, 30 November 2015
Last updated 2 days ago
Apr 3 2012 | 2:21am ET
A refugee from Trafalgar Asset Managers has joined a new proprietary trading firm.
Maven Securities has hired Raphael Kain, who left Trafalgar after its founder split last year. Maven was founded last year by Ivan Koedjikov, Ian Toon and Ben Huda, the former two late of Optiver and the latter previously of Tibra Capital. It focuses on event-driven and special-situations investing.
Kain told Financial News that he won't be running outside capital at Maven, at least initially. He said that mergers and acquisitions activity would pick up over the next year-and-a-half.
"If you are small and nimble there are lots of opportunities, especially in Europe," Kain said. "As well as M&A, I'm also looking at capital raisings and spin-offs and will invest across the capital structure."
At Trafalgar, Kain co-managed the firm's Catalyst Fund with co-founder Lee Robinson for five year. Trafalgar pulled the plug on Catalyst last year, leading Robinson to found a new firm, Altana Wealth. Trafalgar's other co-founder, Theo Phanos, now runs CapeView Capital, which houses Trafalgar's surviving funds.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…