Sunday, 29 March 2015
Last updated 1 day ago
Jan 19 2011 | 1:03pm ET
First New York Securities, the proprietary trading firm planning to launch its first hedge fund, has made half-good on its pledge to hire 40 traders to lead that effort.
The firm has hired 19 traders, to be exact, it said today. Most of the new hires joined the firm from banks, with a smattering of hedge fund veterans thrown in as well.
Among the alternative investment pros joining First New York are Alain Delelis, formerly of Vega Asset Management and ex-global head of spot and proprietary trading at Credit Suisse, Robert Farrell, formerly of Soros Fund Management and Morgan Stanley, Mark Hill, formerly of Carlson Capital, Ken Lissak, formerly of several hedge funds, including SAC Capital Advisors, Eddie Sanches, formerly of Galleon Group, and Ram Seshadri, formerly of Balyasny Asset Management.
"We welcome these talented additions to our team and look forward to continued growth across business lines including domestic and international equities, macro rates, foreign exchange, commodities and fixed income," CEO Joseph Schenk said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…