Tuesday, 21 October 2014
Last updated 26 min ago
Sep 2 2010 | 11:12am ET
Assets under management aren’t the only things fleeing Gartmore Group.
The London-based firm announced the exit of a second senior fund manager in as many months, with Gervais Williams following Guillaume Rambourg—and general counsel William McGowan—out the door. Williams, one of Gartmore’s longest-serving fund managers, will leave the firm later this month “to pursue other interests,” Gartmore said.
In addition to hedge funds, Williams managed Irish-listed and small-cap funds at Gartmore. Adam McConkey will succeed Williams at the firm’s U.K. Smaller Companies fund. McConkey and Rob Giles will take over the U.K. and Irish Smaller Companies fund.
In July, Guillaume Rambourg resigned from Gartmore just two months after he was reinstated after a suspension for violating company policy. Rambourg said he left the firm to focus his attention on fighting a Financial Services Authority probe.
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 ...