Hedge fund teams with Finetix for tech development

NEW YORK – Cadence Capital Group, a recently formed hedge fund focused on options, long-short and delta-neutral strategies, has partnered with capital markets IT consultancy Finetix to develop specialised front-, middle- and back-office applications.

The alliance will entail development of technologies for Cadence's internal operations that could eventually be rolled out to other hedge fund clients.

Dmitry Babayev, co-founder and portfolio manager at Cadence, explains that his firm saw greater