Tuesday, 21 October 2014
Last updated 7 hours ago
Feb 4 2011 | 11:56am ET
One of Viking Global Investors' top portfolio managers has left the firm.
Dris Upitis resigned just a year after being promoted to senior portfolio manager, Bloomberg News reports. He was one of four management committee members at the New York-based fund, which has $10 billion in assets under management.
Upitis' exit follows that of David Ott, co-founder and chief investment officer, last April. Since then, most money management at Viking has fallen to Upitis, Jim Parsons, Tom Purcell and Dan Sundheim. Viking is headed by Tiger Management veteran Andreas Halvorsen.
Clients were told of Upitis' resignation in a note last week, according to Bloomberg.
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 ...