Blackcube establishes first hedge fund
Northern Ireland’s first hedge fund has been launched in Co Down by a new financial services group.
A trading floor has been set up at the Holywood headquarters of the Blackcube Group, consisting of Blackcube Capital LLP and Blackcube Trading Ltd and employs five people.
The capital side of the business will be managing assets for a number of private investors while the trading end will allow clients to trade intra-day, from any location in the world.
Blackcube Trading is also be running intensive two-month trader training programme for individuals who want to learn about the markets.
Founder of the Blackcube Group is Queen’s University graduate BJ Eastwood (left), who has worked in a London-based hedge fund and in some of London’s Investment Banks.
Mr Eastwood, who studied Finance at Queen’s, received both the Financial Times Finance Student of the Year award and the IFA UK Finance Student of the Year award.
He said: “Blackcube was created with the aim of developing the next generation of professional traders and to establish Belfast’s first trading floor. Blackcube Trading provides individuals with the platform and infrastructure to experience the financial markets.”
The firm’s trader training programme is open to all |individuals regardless of their experience or academic qualifications, however, a good understanding of economics is beneficial.
The course was launched in May and Blackcube claims that 25% of their trainees have progressed into full-time employed traders.