Monday, 20 October 2014
Last updated 3 hours ago
Apr 9 2008 | 10:41am ET
Conifer Securities, which specializes in providing middle- and back-office services to hedge funds, has agreed to purchase Morgan Stanley’s Outsourced Trading business.
Morgan Stanley will continue to offer prime brokerage services to its Outsourced Trading clients, while it moves its New York-based trading team, under the leadership of William Byrne, to Conifer’s New York office.
The move is aimed at boosting Conifer’s ability to provide independent trade execution in equities, options, exchange traded funds and related products to its hedge fund clients.
Terms of the transaction, due to close at the end of April, were not disclosed.
“This is our first acquisition complimenting nearly 20 years of solid organic growth,” said Phil Stapleton, Conifer’s chairman. “We continue to look for new avenues of global expansion to serve our growing client base.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...