Sunday, 19 October 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."
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 ...