Monday, 20 October 2014
Last updated 1 hour ago
May 21 2010 | 10:07am ET
The Asian prime brokerage arms race continues apace, as Credit Suisse announced its latest hire in the space.
Vasundhara Pradeep has been tapped to lead the Swiss bank’s technology for start-up and emerging Asia-Pacific hedge funds, a new postion. Pradeep, who joins from UBS, will be based in Hong Kong.
“Working closely with the bank’s prime services coverage team, Ms. Pradeep will lead Credit Suisse’s efforts to provide its hedge fund clients with consultancy services in business-critical areas such as infrastructure, technology and talent,” Credit Suisse said.
Pradeep worked in prime brokerage sales and business consulting at UBS.
Pradeep’s hire follows news that Barclays Capital has boosted the size of its Asia prime brokerage by 65% and that Citigroup has added eight professionals to its offices in Hong Kong, Singapore and Sydney, Australia. Bank of America Merrill Lynch has also been busy, hiring Morgan Stanley’s Futoshi Ago for its Japanese prime brokerage last month.
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 ...