JonesTrading Adds Stephen Holowesko as Outsourced Trading…
By Rick Steves
AI summary of the source article
JonesTrading has appointed Stephen Holowesko as a managing director on its outsourced trading team. Holowesko most recently served as partner and head of trading at hedge fund Holowesko Partners.
Why it matters
The hire "points to a structural shift in institutional trading: managers are weighing how much execution capability to keep in-house and how much to source from specialist providers."
Key facts
- JonesTrading announced the appointment of Stephen Holowesko as managing director on its outsourced trading team on 4 November.
- Holowesko previously served as partner and head of trading at Holowesko Partners and was a founding member of Goldman Sachs' Absolute Return Group.
- JonesTrading stated that its outsourced trading business has grown over 11 years amid expanding demand from large institutions.
Source excerpt · FinanceFeeds
JonesTrading has appointed Stephen Holowesko, CFA, as a managing director on its outsourced trading team , adding a buy-side trading veteran as the firm says demand from large institutions is expanding. The 4 November announcement says Holowesko most recently served as partner and head of trading at Holowesko Partners, an international value hedge fund based in The Bahamas. He previously worked at…