Outsourced trading solutions firm Outset Global appoints MD
Independent outsourced trading solutions firm Outset Global (outsetglobal.com) has appointed Edward McCabe as a Managing Director in the firm's New York office.
McCabe brings with him a wealth of specialist knowledge in trading equity markets and extensive buy-side experience, which is key for Outset's offering. He is the third senior hire for Outset Global in 2020 as the independent outsourced trading space continues to garner wider appeal.
McCabe's 20 years of buy-side experience include a vast range of specialised roles beyond most professionals in the field. He has served in capacities ranging from running a startup ("Tiger cub" - Long Oar Capital Management) to helping a maturing fund, Narragansett Asset Management, build out their first trading desk. McCabe has held senior roles at some of the most storied multibillion-dollar AuM hedge fund franchises, including Shumway Capital Partners and, most recently, JP Morgan's Highbridge Capital Management, where he was Global Head of Equity Trading & ECM. These roles and associated skillsets provide a unique value proposition and insight to our client base at all points in the fund's life cycle.
Adam Bandeen, Partner, says: "Ed's appointment is a sign of our commitment to be the leading independent outsourced desk in our industry. We continue to see demand from the investment community for our service. To secure someone with Ed's buy-side experience is accretive to Outset's brand and displays the focus we have on providing asset managers with the highest level execution solution possible."