Wednesday, 22 October 2014
Last updated 1 min ago
Jul 14 2011 | 2:26am ET
Hedge fund Trafelet & Co. has added a Morgan Stanley derivatives trader and, appropriately as we are in the midst of the World Series of Poker, a pretty good poker player.
Jason Strasser was named lead analyst at Trafelet, reporting directly to firm founder Remy Trafelet, Business Insider reports. The 26-year-old had been an industrials and materials book runner at Morgan Stanley, which he joined in 2007.
Before that, he spent two years playing poker professionally, earning himself $1.3 million and playing in the 2006 World Series, the same one in which Greenlight Capital's David Einhorn came in 18th place.
Trafelet is a long/short equities fund.
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 ...