Tuesday, 21 October 2014
Last updated 3 hours ago
Jun 17 2010 | 12:11pm ET
Union Bancaire Privée’s former head of alternative investments has left the firm.
Jan-Erik Frogg led the firm’s alts. practice through the Bernard Madoff scandal; UBP clients lost more than US$700 million in the Ponzi scheme. But Frogg was demoted last year to head of hedge fund advisory, with UBP bringing on Richard Wohanka as its new head of asset management and alternative investments to pick up the pieces.
UBP also planned to move most of its hedge fund business to New York from London and its Geneva headquarters, where Frogg was based.
Frogg's departure was first reported by Bloomberg News.
It is unclear what plans Frogg may have. He joined UBP from Agora Capital Management in 2004 after a stint at Goldman Sachs.
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 ...