KCG Holdings, Inc. (NYSE: KCG) has launched a risk arbitrage group, part of a new offering focusing on expert regulatory and event arbitrage-related analysis – Eric Laumann will head the group.
The newly launched group will include a team of several specialists, including Eric Laumann as KCG’s newest Head of Risk Arbitrage. Additionally, the new team will also include Jason King veteran trader Louis Juliano.
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In his new role as KCG’s Head of Risk Arbitrage, he will focus on arbitrage-related services and civil litigation. He joins KCG from Millennium Partners, having worked as its risk arbitrage co-portfolio manager, which is part of the two decades of experience he has garnered in similar roles at stops such as Credit Suisse and Bear Stearns.
According to Greg Tusar, Co-Head of KCG’s Global Execution Services and Platforms, in a recent statement on the appointment, “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.”
“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,” added Mr. Laumann in an accompanying statement.