Wednesday, 22 October 2014
Last updated 12 hours ago
Jul 22 2011 | 12:42pm ET
Brevan Howard Asset Management is losing its "v."
James Vernon, a co-founder of the global macro giant and its chief operating officer, will leave the firm in September, the Financial Times reports. Vernon is the most senior executive to leave the firm since it was founded nine years ago.
Vernon plans to "pursue other interests," the hedge fund told investors this week. He will remain a non-executive director on the $32.6 billion firm's non-UCITS funds.
Vernon, one of the public faces of the highly secretive firm, is the second Brevan Howard co-founder the leave the firm. Jean-Philippe Blochet quit in 2009 and joined Moore Capital Management last year. But, unlike Vernon, Blochet did not have a senior management role at the firm.
Co-founders Alan Howard, Trifon Natsis and Christopher Rokos remain with the firm.
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 ...