Tuesday, 21 October 2014
Last updated 7 min ago
Mar 30 2010 | 12:32pm ET
London-based Mulvaney Capital Management has done away with its investor relations chief, leaving the US$89 million firm with no one focused exclusively on marketing or client dealings.
Colin Lloyd, who had served as head of investor relations at the firm for four years, left earlier this month and will not be replaced, Financial News reports. His duties have been divided amongst Mulvaney’s remaining six employees.
“We have to look at our fixed costs and see where we could make savings,” Alistair MacNaughton, the firm’s chief legal officer, told FN.
Mulvaney’s move comes as many hedge funds are adding or beefing up their investor relations staff in response to growing demands for transparency from clients. Mulvaney, which is down 10.72% this year, will instead seek a third-party marketer.
The firm also announced a pair of appointments to its board of directors. John Bishop, who serves as a non-executive director for Berkshire Hathaway International, was named non-executive chairman, and Mary Jo Jacobi, chairman of the idm Group, was named a non-executive director.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. 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 ...