Monday, 20 October 2014
Last updated 8 hours ago
May 20 2010 | 10:39am ET
A year after he quit the first time, Joseph Novarro has again resigned from hedge fund GSA Capital.
Novarro told Financial News that his departure stemmed from disagreements about business strategy between himself and GSA founder Jonathan Hiscock. He resigned last week, but will remain on for at least three months to assist with the transition.
Novarro resigned from the London-based firm last May. But that time, he was persuaded to withdraw his resignation during his notice period.
GSA, which spun off from Deutsche Bank five years ago, has been struggling to rebuild its assets under management since the 2008 financial crisis. The firm, which once managed US$2.5 billion, was hit with redemptions totaling approximately half that. GSA did not impose any redemption restrictions, and now manages about US$650 million.
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 ...