Tuesday, 21 October 2014
Last updated 8 hours ago
Jul 14 2011 | 2:31am ET
Gartmore Group's former star managers have made a first hire for their planned new hedge fund.
Roger Guy and Guillaume Rambourg's still-unnamed firm has named Karim Moussalem to a senior investment role, Financial News reports. Moussalem joins from Goldman Sachs, where he spent almost 10 years and was head of cash trading.
Moussalem is the first of roughly 20 expected hires by the firm, set up earlier this year. Guy and Rambourg are still awaiting regulatory approval before finalizing plans for its name, management structure and location. But Paris will likely be its headquarters, FN reports, beating out London and Geneva, Switzerland. The firm's maiden fund is expected to launch next year.
Rambourg was cleared earlier this year by the U.K.'s Financial Services Authority over allegedly directing trades to favored brokers. Gartmore suspended him last year, beginning a downward spiral that concluded with the firm's sale to Henderson Global Investors earlier this year.
Guy retired from Gartmore in November.
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 ...