Wednesday, 1 October 2014
Last updated 11 hours ago
Sep 22 2010 | 12:14pm ET
Lawrence Summers, who left his post at D.E. Shaw Group to return to the White House two years ago, will leave as President Barack Obama’s National Economic Council chief at the end of the year.
Summers, who previously served as Treasury secretary under President Bill Clinton, will return to Harvard University, where he was formerly president, as a professor. It is unclear whether he’ll resume his career in the alternative investment industry.
Summers’ departure is the third from Obama’s top economic team, following the exits of Office of Management and Budget Director Peter Orszag and former Council of Economic Advisers head Christina Romer.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...