Monday, 20 October 2014
Last updated 2 days ago
Jan 4 2011 | 1:59pm ET
Citadel Investment Group's investment-banking unit continues to hemorrhage top executives at an alarming rate, with three more exits to close out 2010.
Chris Boas, Brad Kurtzman and Carl Mayer have all left Citadel Securities, Bloomberg News reports. The exits bring the number of top executives who have left to nine in the last 15 months, and more than a dozen in the last few years, and follow a dozen layoffs of sales and trading staff in October.
It was also in October that Boas, head of credit markets, and Kurtzman, head of equity derivatives, took over for institutional sales chief Brennan Warble. Kurtzman, who began his Citadel career at the firm's hedge fund unit in 2006 before joining the bank in 2009, took over its derivatives operation just over two months ago as well.
Citadel is conducting searches to fill Boas and Kurtzman's posts. John Kilgallon will replace his old boss, Carl Mayer, as head of leveraged finance.
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 ...