Thursday, 25 December 2014
Last updated 19 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.