Friday, 24 October 2014
Last updated 18 hours ago
Feb 23 2007 | 12:01pm ET
Call it a moral victory: UBS was the prime-broking pick of the biggest new hedge funds in Europe last year, as the Swiss bank hopes to establish itself in the space.
UBS last year added as prime brokerage clients 48 new European funds managing $8.3 billion, according the EuroHedge magazine. But it still only controls 4% of the European prime brokerage market, will its New York-based rivals, Goldman Sachs and Morgan Stanley, control a combined 42%. Still, the longest journey starts with single step, and UBS edge its foes’ new-fund totals in 2006, as Morgan Stanley won $7.3 billion from new European funds, and Goldman just $5.6 billion.
In terms of the number of new clients, however, UBS was left holding the short straw again: Morgan Stanley claimed 104 new clients on the continent, while Goldman won 95. UBS’ 48 trailed even Credit Suisse, which added 50.
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 ...