Tuesday, 21 October 2014
Last updated 4 min ago
Oct 15 2010 | 12:37pm ET
UBS has boosted its Asia prime brokerage as it plans a major push for market share around the world.
The Swiss bank has hired 11 professionals for its Asia team this year, Asia prime brokerage chief David Gray told Reuters, including legal and information technology specialists. But the firm is not stopping with Asia.
Stuart Hendel, head of global prime brokerage at UBS, said the firm aims to boost its market share in the U.S. and plans to put a top banker in charge of its prime brokerage in Zürich, Switzerland. In addition, UBS has launched a managed-accounts business in London, so it’s ready no matter what becomes of the much-feared hedge fund exodus from the U.K.
“Some hedge funds have moved from the U.K. to Geneva and other places outside the main money centers, but it is a trickle,” Hendel told Reuters. “The whole regulatory environment is the huge elephant in the room when it comes to hedge funds.”
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 ...