Thu, Jul 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Saxo Prime launched to prime broke small to medium sized hedge funds

Tuesday, April 16, 2013

By Beverly Chandler, Opalesque London:

Torben Kaaber, CEO of Saxo Capital Markets UK is looking for small to medium sized hedge funds who want prime brokerage services. "We have optimised our platform and updated the whole infrastructure so we can cater for the segment below the big hedge funds with our multi product offering" Kaaber says. "Smaller hedge funds can do everything with us rather than using four or five banks – it is cheaper and the big banks don’t want that middle segment as they are too small to be profitable for them."

So far interest in Saxo Prime has been encouraging, particularly from the UK and Singapore, despite the financial climate. "I think there are a lot of people who used to work in the big banks that have done stuff like this for many years" Kaaber says. "They are leaving the banks and setting up hedge funds – there are probably more now than there used to be."

By the first quarter of next year, Kaaber is confident that they will be offering a full suite of services, including marketing, funding and back end support. "The solution is being built on all the time" he says.

Saxo Bank launched in 1993 in Denmark as a brokerage, advanced to a broker dealer in 1996 and to a fully licenced bank in 2001. After that step, the bank has grown every year. It may have started with an FX background, and launched an FX platform in 1995......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass