Wednesday, 22 October 2014
Last updated 5 min ago
Jul 7 2009 | 2:20am ET
With some prime brokers retrenching in Asia, Nomura Holdings senses an opening.
The Japanese financial services giant plans to launch a global prime brokerage by the end of the summer, with a particular focus on building its market share in Asia, Reuters reports.
Siggi Thorkelsson, head of equities in that region, said the firm expects further opportunities in the space to arise as the hedge fund industry bounces back from last year’s disastrous performance and huge redemptions.
Thorkelsson said Nomura, which last year bought the European, Middle Eastern and Asian businesses of Lehman Brothers, hopes to become one of the three or five largest prime brokers in Asia.
“It used to be the case that the barriers to entry were very high as there were a couple of firms that dominated the market,” Thorkelsson told Reuters. “Now those firms have lost a lot of the market share and there’s market share to be gained there.”
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 ...