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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR