Tourmaline Partners, an outsourced trading solutions firm, has appointed industry experts David Toy and Chris Arkin as senior traders.
The concept of outsourced trading is not new to hedge funds, but its relevance has arguably come to the fore over the last 12 months as managers of all shapes and sizes seek out ways to run their businesses as cost-effectively as possible.
By Chris Zellner, Co-Founder, COO and CCO, Asymmetry Capital Management – Asymmetry Capital Management is a diversified equity long/short healthcare fund located in San Francisco. We launched the fund in January 2013. We launched the Fund in an infrastructure partnership with a boutique asset manager, which enabled us to use their trading desk. In September 2015, as they were being sold to another firm, we took the decision to spin out on our own. Doing so meant we needed to replicate the infrastructure partnership we had enjoyed.
Magnetic attraction: Why Cowen’s outsourced trading solution continues to attract a wide range of fund managers.
The concept of outsourced trading is not new to hedge funds, but its relevance has arguably come to the fore in recent years as managers of all shapes and sizes seek out ways to run their businesses as cost-effectively as possible, in response to ongoing fee pressure.
Apex Group has launched an Outsourced Special Purpose Acquisition Company (SPAC) Chief Operating Officer Solution via subsidiary Throgmorton US.
Cowen Outsourced Trading: Best Outsourced Trading Solution Provider – The past year has witnessed a growing acceptance of outsourced trading as a credible alternative solution by investment managers. As a result of the global pandemic, larger players acknowledged that working with traders remotely works well, which in turn opened the door to the outsourced solution.
Charles Square (CSq) an IT outsourcing company specialising in the Financial Industry, is investing into its senior management team with the appointment of Siv Sivasamy as New Business Director.
JonesTrading Institutional Services (JonesTrading) has appointed industry veterans Chris Macaluso and Jon Everett to its European and US outsourced trading teams, respectively.
Cowen Inc has appointed Adam Strout as a Director in the Company’s Outsourced Trading division.
The “private debt” bucket within the fund industry has seen tremendous growth, opportunity, and evolution over the last few years, with no signs of slowing down. The definition and composition of the private debt space has expanded in both breadth and depth, which has led to exciting operational considerations.