Inside BGC’s quiet move into agency broking
The interdealer broker’s Caventor Capital arm is pitching a hands-on service for hedge funds, filling what it sees as a gap left by large banks
The rise of the multi-manager hedge fund in recent years has coincided with a well-documented ‘brain drain’ of experienced sell-side staff to the buy side. As the story goes, this has left smaller numbers of juniorised staff at the dealers to cover the surge in the number of portfolio managers, who act as mini-hedge funds in their own right and increasingly need individual coverage.
This has left a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Markets
Hedge funds shelved yen basis bet on US deal
Funds exited USD/JPY flatteners tied to Japan’s $550bn pledge and new funding may not revive the trade
BRL bulls hold firm after Bolsonaro first-round win
Hedge funds keep USD/BRL puts ahead of election run-off as protection premiums for Lula upset soar
AI boom turns Morgan Stanley into a hot commodity
Talking Heads 2026: Data centres need long-dated power and gas hedges that only a big bank can provide
PGGM sees a chance to diversify with fourth-trigger CDSs
Dutch pension manager hopes bank demand will continue to grow for derivatives counterparty credit protection
How Quoniam boosted its sentiment strategy by adding an LLM
Upgraded system creates scores from more-informative forward-looking parts of news
The changing shape of fixed income trading
As volumes surge and electronification spreads, trading desks are rethinking how they access liquidity and the technology that supports it
Canton: has Wall Street found its blockchain?
Network and privacy behind Digital Asset spin-off’s tilt at next-gen settlement
NSE chief blames algos for India closing auction turmoil
Ashishkumar Chauhan said traders should retrain algos instead of asking Sebi to change closing auction
