Saturday, 28 November 2015
Last updated 1 day ago
Feb 24 2006 | 12:00am ET
Jefferies & Company has snagged a six-person team of industry veterans from Banc of America Securities to enhance its prime brokerage unit, which is a large provider of services to small- and mid-sized hedge funds.
The group will be led by Glen Dailey, who will serve as head of prime brokerage services. Dailey is taking over the position from David Conover, who will focus on his role as the firm’s head of correspondent clearing, a position he held in addition to being head of prime brokerage services.
Before joining Jefferies, Dailey was a managing director and the chief operating officer of prime brokerage services at Banc of America Securities. The other members of the group are John Kunze, who was a managing director and head of technology at BofA; Evan Gevarter, previously a managing director and head of relationship management at BofA; Michael Hill, former principle and senior relationship manager at BofA; R. Penn Miller-Jones, previously a managing director and senior salesman at BofA; and Christopher Bianchi, former principle and senior operations manager at BofA.
“We see a vast opportunity to meet the needs of small and midsized hedge funds who are currently being underserved by Wall Street,” said Richard Handler, chairman and chief executive officer of Jefferies.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…