Capstone To Close Broker-Dealer Business

Capstone Holdings will shut its broker-dealer business to focus on its hedge fund operations, Bloomberg reports. Capstone Global Markets will be closed by the end of this month.

Capstone’s founder Paul Britton started the unit in 2004 when he acquired the U.S. business of Mako Global, a London-based trading firm. Capstone’s hedge-fund business Capstone Investment Advisors focuses on trading price swings or volatility, across equity, bond and commodity markets.

Click here for the story from Bloomberg.