Traders get a taste for pick and mix

Relying exclusively on third-party applications for trading, pricing and risk management of mortgage-backed and other asset-backed securities does not make sense for all buy-side firms. Alternative investment manager Highland Financial Holdings Group has built its own suite of applications, which it uses alongside existing third-party products, to provide a trading system suited to its own specific needs. Stewart Eisenhart reports

Founded in 1998 in New York, HFH Group has amassed $1.84 billion in assets under management, with a focus on mortgage-backed and asset-backed securities. The firm, which has a staff of 32 full-time employees, manages private investment vehicles, separately managed accounts and collateralised debt obligations.

Daniel Leyden, managing director and chief financial officer at HFH, joined the firm in 2004 after a 19-year career working on MBS, ABS and other asset classes at UBS and PaineWebber.


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