Thursday, 2 October 2014
Last updated 25 min 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.
Oct 2 2014 | 9:16am ET
Gregory Barrett is a principal at Dyal Capital Partners, which takes minority equity stakes in established hedge fund managers—those with assets under management of $1.5 billion to $6 billion. 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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...