Tuesday, 21 October 2014
Last updated 1 hour ago
May 2 2011 | 12:59pm ET
UBS is facing a major shakeup of its prime brokerage with the departure of a second top executive in as many weeks.
Ashley Jarvis has resigned as Hong Kong-based global head of business and capital consultancy, Reuters reports. Jarvis left the firm at least a week ago, his exit quickly following that of Asia-Pacific prime brokerage chief David Gray.
Jarvis had served in his most recent position for less than a year, having been named to the job in June. He reported to Gray.
It is unclear whether Gray's exit played a role in Jarvis', or indeed why Jarvis left at all. His future plans are also unclear. UBS last week named Tim Wannenmacher, formerly of Nomura Holdings' prime brokerage, to replace Gray.
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 ...