Greg Tusar, KCG
"With the addition of a dedicated risk arbitrage group, we can provide an additive analysis and trading offering."
Jersey City, N.J. - KCG Holdings has announced the launch of its risk arbitrage group, a new offering specifically dedicated to providing clients with insight into complex and special situations through regulatory and event arbitrage-related analysis.
Greg Tusar, co-head of KCG's Global Execution Services and Platforms commented: "Whether it's executing a trade, tailoring an algorithmic strategy or evaluating execution quality venue by venue, our clients look to us for market expertise and smart solutions. With the addition of a dedicated risk arbitrage group, we can provide an additive analysis and trading offering to current clients and reach new clients, as well."
As part of the newly formed team, Eric Laumann has been appointed head of Risk Arbitrage. The team will include Jason King and veteran event-driven trader Louis Juliano.
Reflecting on his new role, Mr. Laumann said: "In today's investment environment, clients are constantly looking for deeper analysis of events and their outcomes. A special situation can have a significant impact on a clients' strategy, portfolio or fund. Managing and optimizing event related risk is critical. Our offering is a fitting complement to the range of services KCG currently provides clients and I am looking forward to leading this exciting new offering."
Mr. Laumann joins from Millennium Partners, where he was a risk arbitrage co-portfolio manager. Prior to that, Mr. Laumann held several leadership positions in event arbitrage, including Managing Director and Head of the North American risk arbitrage desk at Credit Suisse, senior member of Bear Stearns' buy-side/sell-side risk arbitrage desk, and senior analyst on Deephaven Capital Management's event arbitrage team.
Mr. King joins the team from Cantor Fitzgerald, where he served as Managing Director of the Risk Arbitrage desk. Prior to Cantor Fitzgerald, Mr. King was Managing Director and Head of the Securities Risk Arbitrage desk at UBS, and also served in senior management roles on the risk arbitrage desks at JP Morgan and Credit Suisse. He holds a B.S. in Finance and Business Administration from Fordham University.