Hedge Fund Broker Expands Into ETFs

Mar 26 2009 | 2:21am ET

WallachBeth Capital, the institutional brokerage/execution firm servicing hedge funds and sell-side proprietary trading desks, has expanded into exchange-traded funds.

According to Michael Wallach, the firm’s co-founder and CEO, WallachBeth has appointed ETF industry veterans William Dersch, Michael McCoy, Andrew McOrmond and Scott Saunders as managing directors, to serve as the core foundation to WallachBeth’s ETF team.

“As the trading market landscape continues to evolve, we’re seeing a continuously increasing focus on strategies that not only incorporate, but often link exchange listed equity options, index products and ETFs,” said Wallach.

“More importantly, and however transparent exchange-listed products may be, the fact is there are dozens of market centers and liquidity pools for these hedging products, and our role is to help clients’ source liquidity and the best prevailing prices for hard to execute, and potentially market-impacting trades.”

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…