LONDON (HedgeWorld.com)–IFX Group plc formed a strategic alliance with Tamisco & Co. LLC to provide hedge funds to its clientele in a new entity, IFX Managed Investment Products.
Tamisco is a leveraged, speculative trading company that is active in the derivatives markets. The New York-based company provides three investment programs: global diversified, interbank currency and currency overlay. Within the new alliance, IFX will channel all its future business through IFX, with revenues being divided between IFX and Tamisco, depending on which party introduces a client or manages an investment mandate.
Tamisco plans to benefit from a distribution network, trading platforms and technologies developed and offered by IFX, while IFX officials get an immediate entry into alternative investments. Tamisco’s existing clients in New York will be able to stay with the firm, along with Robert Tamisco, who will remain in his role as chairman.