Thursday, 23 October 2014
Last updated 1 hour ago
Feb 1 2010 | 1:53pm ET
Distressed-debt hedge fund shop King Street Capital Management is losing its head of trading, as its co-founder prepares to retake the helm at the New York-based firm.
Kieran Goodwin will retire from the firm at the end of March, MarketWatch reports. Goodwin spend six years at the hedge fund, overseeing its 24 traders.
King Street, in a letter to investors, said that Brian Higgins, the firm’s co-founder who managed its trading operations for a decade before Goodwin took over, will succeed his successor. Higgins will serve as head of trading and management. He and co-founder O. Francis Biondi will continue to manage the firm’s portfolios.
King Street, which has never had a losing year since it was founded 15 years ago, soared 20% last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...