Monday, 20 October 2014
Last updated 4 hours ago
May 5 2011 | 8:19am ET
The Man Group, which recently reclaimed its title as the world’s largest hedge fund, has made two appointments to its board.
The London-based firm, with $69 billion under management thanks to its 2010 acquisition of GLG Partners, has appointed COO Emmanuel Roman as an executive director and Matthew Lester, CFO of the Royal Mail Group, as a non-executive director.
Roman joined Man in 2010 as part of the completion of the merger with GLG, where he’d served as co-CEO. He’d joined GLG in 2005 after 18 years at Goldman Sachs.
Lester was group finance director at ICAP from 2006 to 2010, and before that held a range of senior finance roles at Diageo.
Man chairman Jon Aisbitt said: “I am delighted to welcome Manny Roman and Matthew Lester to the board. Manny’s appointment brings us a wealth of trading, operational and business management experience as well as providing a key link between sales, investment management and operations across the Group. Matthew brings to Man substantial relevant experience both from within and outside our sector which will further strengthen the Board’s financial management and regulatory expertise.”
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 ...