Friday, 27 March 2015
Last updated 19 min ago
May 23 2013 | 12:31pm ET
Former Barclays CEO Robert Diamond is in talks to provide financing to a new hedge fund and technology firm founded by former colleagues last year.
Diamond, who was ousted at Barclays last year amidst an interest-rate manipulation scandal, and Incapture haven't reached a deal yet, but remain in discussions, Bloomberg News reports. Incapture, set up last year by former Barclays Global Investors fixed-income chief Peter Knez, plans to launch a pair of hedge funds.
Both of the funds aim to leverage the technology created by Incapture Technologies, which provides a cloud-based platform and software to financial institutions. Incapture Investments will deploy those services to a multi-asset hedge fund and a smart beta hedge fund, for which it is seeking seed capital.
"Incapture was created to meet the demand we see from investors to gain exposure to broadly diversified, efficient sources of return," Knez told Bloomberg. "We believe that leveraging enterprise cloud computing technology will provide the foundation for delivering world-class investment solutions."
Incapture features at least eight BGI veterans, including Mark D'Andrea, a Highbridge Capital Management veteran. In addition, Knez has named Alan Moore chief information officer, Peter Wilson head of technology solutions, Brent Canada as chief operating officer, Eddy Vataru as a portfolio manager, Manjunath Boraiah as a researcher and Ryoichi Yamahe as head of its Tokyo office.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…