Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Volatility specialist launches discretionary business

Volatility specialist launches discretionary business

Arcanum Asset Management is launching a discretionary investment management business.

The firm, which specialises in options trading, has received permission to run client money on a discretionary basis under what the FCA terms the 'Variation of Permissions'.

The original business was founded by Paul Gleeson in 1997 with the aim of developing option trading strategies to monetise the volatility in equity indices. The company was then sold in 2006. 

Gleeson continued to manage his own money and on behalf of friends and family based on the same strategies and then decided to officially launch Arcanum, which received its authorisation in July 2013. It was set up to allow other professional investors to participate in the Equity Index Option Programme.

Paul Gleeson, principal at Arcanum Asset Management, said: 'We know that there's an appetite among HNWs and some institutional investors for a high performing segment of their investment portfolios and we aim to fulfill that need.'

Gleeson works alongside Ben Few Brown, who started his career as a meat trader in London’s Smithfield market. He then worked as a commodity broker and was a full board member of GNI Ltd in the early nineties, moving to MF Global Ltd, which he left in January 2011 to join ADM Investor Services Ltd as head of institutional sales.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter