Monday, 24 November 2014
Last updated 14 min ago
May 15 2012 | 1:21pm ET
Barclays is preparing to launch a credit hedge fund in the third quarter with hundreds of millions in initial assets, the bank's first such vehicle.
The Barclays Credit Opportunities Strategy will be a long/short fund, HFMWeek reports. Other details of the strategy, to be managed by Bruce Ivory, were unavailable.
Ivory worked at Citadel Investment Group and GSO Blackstone before joining Barclays. At Citadel, he was a senior analyst, while at GSO, he led credit trading. At Barclays, he now works in funds and advisory, but formerly led Barclays Capital's proprietary credit trading desk.
Investor interest and market opportunities were the driving forces behind Barclays' decision to launch Credit Opportunities, a source told HFM. The firm currently manages multi-asset funds; Ivory's will be its first credit-specific hedge fund.
Barclays is still fundraising for the new vehicle. The bank does not seed its hedge funds, so all of its assets will come from outside investors. Barclays is currently marketing the fund to institutional investors, high net-worth investors and funds of hedge funds.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...