Monday, 20 October 2014
Last updated 7 hours ago
Jul 28 2011 | 11:43am ET
The hedge fund created by Singapore's sovereign wealth fund will have a new top executive on Monday.
Temasek Holdings said today that Jimmy Phoon would take over as CEO of Seatown Holdings on Aug. 1. He succeeds Charles Ong and Nasser Ahmad, the hedge fund's first CEOs, who announced their plans to leave Seatown earlier this month.
Phoon is currently head of strategy at Temasek. He'll retain that role in addition to running the US$2.9 billion hedge fund, founded a year-and-a-half ago.
Ong will remain with Temasek, becoming senior managing director of special products. Ahmad, the founder of hedge fund DiMaio Ahmad Capital, will remain an adviser to Seatown through the end of the year. He plans to return to fund management, Temasek said.
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 ...