Cantor Brokerage Chief Matthews Leaves to Start a Hedge Fund

(Bloomberg) Cantor Fitzgerald LP’s Shawn Matthews is stepping down as head of the firm’s broker-dealer unit and plans to start a hedge fund. Matthews spent nine years atop the division, Cantor Fitzgerald & Co., working to wrest talent and market share from larger investment banks that retrenched after the 2008 financial crisis. He’s launching a macro fund called Hondius Capital, looking to capitalize on a new era of market turmoil, Cantor Chief Executive Officer Howard Lutnick announced in an internal memo.

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