Monday, 20 October 2014
Last updated 2 hours ago
Jul 14 2011 | 2:27am ET
Citadel Investment Group's investment-banking arm is giving up its plan to expand its market-making business to Treasuries.
Citadel Securities, which is no stranger to turmoil and turnover, had been working on a move into Treasuries for several months. But the firm has abandoned that effort, Reuters reports, and the employees behind it have left the firm.
Those employees had been based at Citadel's New York office and left within the last several weeks.
Citadel Securities has lost at least nine top executives over the last two years.
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 ...