High-Frequency Firm May Launch Hedge Fund

Feb 12 2014 | 12:21pm ET

High-frequency trading firm Maven Securities hopes to translate its early success into an expansion into hedge funds.

The London-based firm may launch a hedge fund featuring its best-performing strategies—if it can find the right partner. Maven would "look to spin out a number of strategies into a hedge fund given the right seed investor," co-founder Ben Huda told Financial News.

Huda, a former trader at Tibra Capital, founded Maven in 2011 with Ivan Koedjikov and Ian Toon. Koedjikov formerly worked at Optiver and Toon worked at both Optiver and Tibra. The proprietary-trading firm generated £19 million in revenue and £7.8 million in its first full year of operations, ending on June 30 of last year.

Huda said Maven's success was due to its technology platform and diversified strategies, and said it plans to continue to expand. Last year, it hired Raphael Kain from Trafalgar Asset Managers.

"Maven is well-diversified in terms of trading strategies and we will continue to base our expansion plans around any talented traders we recruit," Huda told FN. "As with all proprietary trading firms facing such a dynamic regulatory landscape, we are looking to further complement our compliance and risk functions with key hires."


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.