Saturday, 1 November 2014
Last updated 22 hours ago
Aug 30 2010 | 1:09pm ET
Following the failure of his plan to license the firm’s technology, BlueMountain Capital Management’s Samuel Cole has left the firm.
Cole, who served as chief operating officer, left rather than return to his former post. He had been spearheading BlueMountain’s effort to sell its risk management and profit and loss technology to other hedge funds, pensions and endowments, Bloomberg News reports, but failed to recruit enough of them to get the venture off the ground.
Michael Liberman has been named to succeed Cole. Liberman helped set up Goldman Sachs’ derivatives risk-management system before joining BlueMountain.
For his part, Cole is “considering a variety of other options,” a BlueMountain spokesman told Bloomberg.
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…
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