The 'Outsourced Trading in Focus' special report comprises two separate articles listed below, these can be read individually or as a sequence.

OUTSOURCED TRADING

Magnetic attraction: Why Cowen’s outsourced trading solution continues to attract a wide range of fund managers.

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. 

OUTSOURCED TRADING

The Manager’s Perspective

The Manager’s Perspective

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.