Trafalgar's Kain Joins Prop. Firm Maven

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.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

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

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.