Sunday, 21 September 2014
Last updated 2 days ago
Oct 16 2012 | 6:23am ET
JonesTrading Institutional Services, which provides institutions and hedge funds with unconflicted block trading in securities, has expanded into convertible bonds, an asset class tied to underlying equities.
According to the firm, the convertible bond development is a natural growth path for JonesTrading, given its historic commitment to providing institutional clients with block trading in ordinary, ADR and GDR shares. The firm has named industry veteran Terence Tucker to lead the group.
Prior to joining JonesTrading, Tucker was managing director for convertible bond sales at Barclays.
"Relationships are at the heart of trading and bringing the relationships I have established over the years into the JonesTrading network will bring immediate opportunities for execution,” said Tucker.
Packy Jones, chairman of JonesTrading, added: "The picture for performance among traditional asset managers and alpha generation for hedge funds remains challenging. Our goal is to allow our clients to leverage the JonesTrading model so that they can access liquidity and execute in size without leaving a footprint. By now providing access to convertible bonds, we believe our approach will give our clients yet another tool for finding the performance and alpha they seek.”
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.