Wednesday, 22 October 2014
Last updated 14 hours ago
Aug 5 2010 | 11:58am ET
A top executive at Carl Icahn’s eponymous holding company is set to step down after eight years working with the billionaire activist hedge fund manager.
Keith Meister plans to resign as vice chairman and principal executive officer of Icahn Enterprises, which is controlled by Icahn’s hedge fund, Icahn Associates. The listed, New York-based firm boasts seven business lines, and Meister frequently served on the boards of directors of companies in which Icahn owns a stake. Meister also served as a senior managing director of Icahn Capital.
Icahn said in a statement that Meister was resigning to pursue other opportunities.
"I have enjoyed tremendously working with Carl Icahn over the past 8 years,” Meister said. “I appreciate all of the opportunities that I have had and look forward to staying in touch with him and the Icahn team.”
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 ...