Monday, 20 October 2014
Last updated 2 days ago
Oct 26 2010 | 3:25am ET
The high-level exits from Citadel Investment Group's nascent investment bank have become so numerous, one Wall Street giant can claim four alumni among the departed over the past twelve months.
The latest to leave Citadel Securities is Brennan Warble, who served as head of institutional sales. He is the fourth Merrill Lynch veteran to depart in the past year, following the exits of equity derivatives co-head James Boyle, head of investment banking Todd Kaplan, and Rohit D'Souza, who led Citadel Securities.
Warble left the Chicago-based firm yesterday after less than two years on the job. He has been replaced by Brad Kurtzman and Chris Boas, the heads of equity derivatives and credit markets, respectively.
Warble's departure follows the dozen layoffs of sales and trading staff at Citadel Securities last week.
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 ...