Monday, 20 October 2014
Last updated 2 hours ago
Aug 17 2010 | 12:22pm ET
Deutsche Bank’s former top proprietary stock trader has resurfaced at hedge fund Graham Capital Management.
Pablo Calderini was named Graham’s chief investment officer, Bloomberg News reports. He left Deutsche Bank—which is winding up his former prop. desk—last month for an unidentified hedge fund, now revealed to be Graham.
Graham founder Ken Tropin told Bloomberg that he had been recruiting Calderini for three years, and that his efforts bore fruit only after the introduction of the Volcker rule in the U.S., which bars banks from proprietary trading. The Volcker rule passed last month as part of the larger U.S. financial regulation overhaul.
“We plan to hire about 10 traders in the next six to nine months with Pablo leading that effort,” Tropin said.
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 ...