RBC Makes Emerging Manager Push With Acquisition

Oct 26 2006 | 7:45am ET

In an effort to boost its hedge fund servicing business, RBC Capital Markets has agreed to acquire New York-based Carlin Financial Group for an undisclosed sum.

Carlin – headed by RBC vet Jeremy Frommer – provides trading and execution services, as well as proprietary algorithms, to emerging hedge funds. Its trading platform currently trades about 35 million shares per day.

“Emerging hedge fund managers, professional traders and other clients of the CFG business will continue to receive the same high quality of service they’ve come to rely on, and will now also have access to the full range of capital markets products and services we offer in the U.S.,” RBC head of global equity sales and trading Greg Mills said.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...