Monday, 22 September 2014
Last updated 2 days ago
Nov 10 2010 | 11:04am ET
Barry Schachter is stepping down as director of quantitative resources and chief risk officer at Moore Capital Management.
The hedge fund veteran is retiring from the firm after four and half years. Prior to joining Moore, he headed risk management at Balyasny Asset Management, SAC Capital Advisors and Caxton Associates, and was vice president of market risk management at Chase Manhattan Bank.
Schachter, a Cornell University financial economies Ph.D., began his career as an academic, teaching at several universities before joining the Commodity Futures Trading Commission as a research economist. In 1994, he became a financial economist at the Comptroller of the Currency's risk analysis division before joining Chase in 1997.
Schachter confirmed his retirement. In an interview with the blog Business Insider, he said, "I am not sure what I will be doing next. Just thinking at this point."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.