Wednesday, 22 October 2014
Last updated 5 hours ago
Mar 22 2011 | 11:33am ET
Former GSA Capital Partners CEO Joseph Novarro has joined the alternative investments firm founded by former JPMorgan Chase executive William Winters.
Novarro has been named chief operating officer of Renshaw Bay, which Winters founded last month. He is the first big-name hire for Winters, the former co-CEO of JPMorgan's investment banking business.
Renshaw Bay is backed by Jacob Rothschild's RIT Capital and Johann Rupert's Reinet fund; the two are providing tens of millions of pounds in seed capital.
Novarro left GSA in May after battling with the firm's founders over its direction.
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…
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 ...