Thursday, 23 October 2014
Last updated 47 sec ago
May 10 2007 | 12:11pm ET
A trio of Long-Term Capital Management alumni, including a co-founder of the notorious hedge fund, has reunited to found a new quantitative hedge fund.
Rye Brook, N.Y.-based Quantitative Alternatives is the brainchild of LTCM co-founder Eric Rosenfeld, along with former LTCM CFO Robert Shustak and Controller Bruce Wilson, according to Bloomberg News. The new venture has not started trading, but is reportedly actively recruiting employees and pursuing investors, as well as partnerships with banks, pensions funds and other financial institutions.
After LTCM collapsed in 1998, Rosenfeld and fellow LTCM co-founder John Meriwether continued to work together at Meriwether’s post-LTCM hedge fund venture, JWM Partners, for six years. Most recently, he served as president of Greenwich, Conn.-based Paloma Partners, leaving in 2006.
Rosenfeld is undoubtedly hoping to follow in Meriwether’s footsteps rather than those of another LTCM co-founder, Nobel Prize winner Robert Merton, whose Integrated Finance Ltd. shut down its hedge fund after only a few months last year.
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 ...