{"id":11116,"date":"2009-07-27T00:00:00","date_gmt":"2009-07-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"rpt-exclusive-costas-launches-boutique-bank-and-a-2nd-act","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/rpt-exclusive-costas-launches-boutique-bank-and-a-2nd-act.html","title":{"rendered":"RPT-EXCLUSIVE-Costas launches boutique bank and a 2nd act"},"content":{"rendered":"<p>CNN Money &#8211; John Costas, who helped make UBS AG into one of the world&#8217;s biggest investment banks, wants to build a lasting Wall Street player &#8212; and put the 2007 demise of hedge fund Dillon Read Capital Management behind him.<\/p>\n<p> Costas and long-time partner Michael Hutchins have launched The PrinceRidge Group, a boutique broker-dealer that is, for now, focused on trading mortgage and corporate debt.<\/p>\n<p> Over time, though, he intends to expand into a mid-size investment bank, seizing &quot;unprecedented&quot; opportunities created by the shake-up on Wall Street.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/reuters\/MTFH97961_2009-07-27_11-00-09_N26461174.htm?FORM=ZZNR7\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN Money &#8211; John Costas, who helped make UBS AG into one of the world&#8217;s biggest investment banks, wants to build a lasting Wall Street player &#8212; and put the 2007 demise of hedge fund Dillon Read Capital Management behind [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[32,489,5256,6051,6459,8195,11148,2237,831,8196,58,8197,14609,6387,14607,14608,422,105,4464],"class_list":["post-11116","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-broker-dealer","tag-cnn","tag-cnn-money","tag-corporate-debt","tag-demise","tag-dillon-read-capital-management","tag-hedge-fund","tag-investment-bank","tag-investment-banks","tag-john-costas","tag-long-time","tag-michael-hutchins","tag-mid-size","tag-mortgage","tag-partner-michael","tag-time-partner","tag-ubs","tag-ubs-ag","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11116"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11116\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}