Thursday, 23 October 2014
Last updated 13 hours ago
Aug 4 2010 | 2:52am ET
Rick Rieder, the founder of hedge fund R3 Capital Management, is set to take over BlackRock’s fixed-income unit amidst a round of asset management musical chairs.
Rieder, who joined BlackRock as head of the fixed-income alternatives portfolio team after the firm bought R3, will be chief investment officer of BlackRock’s fixed-income unit. He succeeds Curtis Arledge, who is to join Bank of New York Mellon as head of its asset management business.
Arledge’s move to BNY Mellon follows the departure earlier this year of Ronald O’Hanley for Fidelity Investments and the exit last week of Jonathan Little, one of the unit’s two interim co-heads.
Prior to founding R3 in May 2008, Rieder was head of global principal strategies at Lehman Brothers.
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 ...