Monday, 20 October 2014
Last updated 21 min ago
Jun 27 2011 | 3:06am ET
Capstone Holdings Group's holdings will soon be just one: hedge funds.
The New York-based firm will close its broker-dealer unit, Capstone Global Markets, by the end of the month, founder Paul Britton told Bloomberg News. The firm is moving to focus exclusively on its $1.1 billion hedge fund unit, Capstone Investment Advisors, as regulators increase their scrutiny of brokers and investors shy away from potential conflicts of interest.
"Investors are asking for more alignment from their managers and a simpler platform that is free of potential conflicts," Britton said. "We want to focus on our core expertise of volatility trading."
Capstone Global Markets employs about four people.
Separately, Britton said the firm in January added former Stark Investments partner Joe Lukas as its new president and chief operating officer.
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 ...