Thursday, 23 October 2014
Last updated 2 hours ago
Jun 14 2010 | 1:13pm ET
Goldman Sachs’ former risk-management chief is launching a hedge fund.
Gregg Weinstein hopes to launch his RocWood Capital Management in the third quarter. The new fund will invest across the corporate capital structure, Bloomberg News reports.
Weinstein, a 17-year Goldman veteran who left the firm in December, has already hired seven employees and plans to add five more prior to launch.
RocWood does not have a target size, and it is unclear how much Weinstein will be able to raise. He is expected to begin marketing the new fund next month.
Weinstein was global head of risk management at Goldman Sachs Asset Management. During his time at Goldman, he also served as head of U.S. investment-grade credit trading and convertible bonds.
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 ...