Refco launches alternative investments division
US futures broker Refco is launching an alternative investments division to sell structured products that incorporate hedge funds, futures, currency and various other derivatives.
“RAI can structure investment opportunities on single managers, and/or a basket of managers, both directly and through structured note programmes,” said David Kugler, senior vice-president and head of RAI. “The RAI approach is an open architecture platform capitalising on the best worldwide issuers, investment managers, derivatives experts and other financial service organisations.”
RAI will operate globally with nine sales and distribution staff reporting to Kugler.
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