Monday, 26 January 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…