Tuesday, 21 October 2014
Last updated 23 min ago
May 11 2011 | 12:10pm ET
The co-head of investment banking at Citadel Investment Group has left the firm, the latest in an impressive string of high-level departures from the unit.
Craig Stine resigned this week, less than two years after joining the Chicago-based hedge fund giant from Citigroup, reports Bloomberg News. His exit follows that in December of credit markets chief Chris Boas, equity derivatives head Brad Kurtzman and leveraged finance head Carl Mayer.
Tim Devine, a banker who worked with Stine at both Citadel and Citi, has also left.
Stine's is the 10th high-level departure from Citadel Securities in less than two years.
Stine took over, along with Brian Maier, the investment banking division after another top executive, Todd Kaplan, quit in January 2010.
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 ...