Friday, 19 September 2014
Last updated 2 hours 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.
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.