Monday, 20 October 2014
Last updated 2 days ago
Apr 4 2007 | 12:29pm ET
Robert Schulman, the long-time CEO of Tremont Group Holdings, is stepping down from his post in favor of Tremont President Rupert Allan.
Schulman will remain the Rye, N.Y.-based firm’s chairman and continues to serve on its investment committee. He will also become president of Tremont’s $3.5 billion single-manager division, Rye Investment Management.
“The growing size and complexity of our single-manager business requires dedicated leadership,” Schulman said. “With Rupert embracing the presidency of the organization as quickly as he has, and accelerating Tremont’s transition towards a fully discretionary model and true global business organization, I have the ability to relinquish my day-to-day responsibilities with Tremont Capital Management and focus on the continued build-out of our select manager series of products.”
Allan became president of Tremont, the fund of hedge funds affiliate of OppenheimerFunds, in January 2006 after running the firm’s London office.
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 ...