Tuesday, 30 September 2014
Last updated 8 hours ago
Jun 8 2010 | 12:24pm ET
SAC Capital Advisors has launched a new financials trading arm, luring back a pair of former employees to head it.
The Stamford, Conn.-based hedge fund giant has founded Parameter Capital Management in New York. The new group—similar to SAC’s existing Sigma Capital Management and CR Intrinsic Investors units—will trade financial companies, Bloomberg News reports.
To run the new company, SAC has brought back Anil Stevens and Glenn Shapiro from fellow hedge fund Balyasny Asset Management. Both men rejoined SAC last month.
Stevens left SAC, where he worked at Sigma for two years, in 2003 for Balyasny. Shapiro, who also worked at Sigma starting in 2001, joined the Chicago-based firm as an analyst in 2007.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...