Tuesday, 28 April 2015
Last updated 14 hours 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…