Wednesday, 1 October 2014
Last updated 1 hour ago
Feb 28 2011 | 10:26am ET
UBS has hired a hedge fund manager to assist its newly-named private banking chief investment officer.
Mark Haefele has been hired to lead investment analysis at UBS Wealth Management. He will report to the former CFO of Microsoft founder Bill Gates' massive charitable effort, Alexander Friedman, who was named CIO of the private bank.
Haefele is a founder of Boston-based Sonic Funds, a quantitative sports-betting hedge fund. Friedman is no stranger to the private funds world, either, having left the Gates Foundation last year to found a firm called Asymmetry.
"The chief investment officer function will focus on wealth protection and optimized financial returns consistent with client objectives," UBS said. "Friedman and his team will be responsible for defining and proposing appropriate investment allocations and strategies and for communicating them across the platform."
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…
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...