Mon, Oct 5, 2015
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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework