logo
Plus   Neg
Share
Email

International Assets Holding Buys Futures Division Of Hencorp - Quick Facts

International Assets Holding Corp. (IAAC) said it bought 100% of the ownership interests in Hencorp Becstone Futures, L.C., the futures operation of Miami-based Hencorp Group. The transaction, which closed on October 1, 2010, would enable INTL and its wholly-owned subsidiary FCStone Group to round out its portfolio of commodity risk management services to include a more robust capability in soft commodities, especially coffee, where Hencorp Futures has established a substantial presence and reputation globally, and especially in Central and South America.

Hencorp Futures, which would change its name to INTL Hencorp Futures, would be led by Oscar Schaps, who would be its Managing Director.

Hencorp Futures specializes in the development and execution of risk-management programs designed to hedge price volatility in a number of widely traded commodities, including coffee, sugar, cocoa, grains and energy products.

For comments and feedback contact: editorial@rttnews.com

Follow RTT