Some hedge fund managers run secret in-house trading technology and keep it fanatically under wraps. Others farm out everything, even the phones. William Lavelle sees a third way.
Lavelle is chief operating officer of Credaris, a £1.4 billion ($2.2 billion) London-based hedge fund firm, and he says it would be completely counterintuitive for him to go to either extreme, given that Credaris’s specialty is generating alpha from the vagaries of the credit market.
