Tuesday, 1 December 2015
Last updated 5 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…