Wednesday, 27 August 2014
Last updated 6 hours ago
May 9 2012 | 10:16am ET
A Deutsche Bank derivatives specialist in Tokyo plans to launch a commodities trading adviser this summer.
Ryo Ishiyama's Steinberg Capital Co. will employ the trading strategy he has used to manage his own money. The firm's first fund will be a systematic exchange-traded futures vehicle, with Ishiyama putting up two-thirds of the initial ¥300 million in capital.
That ¥200 million was just ¥60 million six years ago, Ishiyama said, before he deployed his quantitative strategy. Ishiyama said he plans to raise a further ¥700 million in about a year, bring the fund to its ¥1 billion capacity.
"I am only seeking to raise money with the capacity of the strategy and not any more until I enhance the system," Ishiyama told Bloomberg News. "For now, I want to focus on managing private money, which is mostly my own, to build my track record."
Ishiyama said Steinberg will seek to return about 20% annually. He himself, a veteran of Daiwa SB Capital Markets, Citigroup and Morgan Stanley, will officially leave his job at Deutsche Securities at the end of this month.
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 ...