Company Spotlight: Palomar Capital LLP

July 31, 2012 Debbie Jacobs Company Spotlight

Stanley Fink’s International Standard Asset Management is backing a new hedge fund founded by Patrick Boyle. Formerly a trader at Nomura Holdings and the Royal Bank of Scotland Group, Boyle joined the ranks of traders who have left firms as numerous banks reduce risk taking.

Based in London, Palomar Capital LLP will initiate its trading with $50 million in August. ISAM, a $1 billion subsidiary of Fink, has declared itself one of the first investors. The firm will use algorithms to identify potential investments in futures related to stock indexes including the S&P 500 as well as the FTSE 100.

In an interview earlier this month Boyle explained:

“For a system like mine, the direction of the market doesn’t really matter that much. I don’t need it to be an up year or a down year to make money, but I do need the market to move in a somewhat predictable way. During the credit crunch, you had moved that were somewhere predictable if massive.”

 

Economy, Hedge Fund Industry, International Standard Asset Management, Investment, ISAM,

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