Friday, 29 August 2014
Last updated 51 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.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...