Tuesday, 21 October 2014
Last updated 32 min ago
Mar 18 2011 | 12:18pm ET
John Morgan, head of alternative investment research at Union Bancaire Priveé, is taking a break.
Morgan, who joined the Swiss bank less than two years ago, resigned to take a break from the industry, Financial News reports. He formerly worked as head of hedge funds at Barclays Global Investors.
Morgan's exit is just the latest to hit UBP since it was revealed to be among the biggest losers in the Bernard Madoff Ponzi scheme. The bank, once one of the largest fund of hedge funds firms with more than US$42 billion in assets, now manages just US$14 billion. Last year, UBP saw the departures of head of alternatives Jan Frog, head of hedge fund advisory Roger Bacon, head of U.K. institutional business Phelim Bolger, U.S. asset management CEO Matthew Stadtmauer and Chief Investment Officer Sara Sprung.
UBP said that David Biase would take over for Morgan, while remaining head of asset allocation.
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 ...