Thursday, 23 October 2014
Last updated 1 hour ago
Aug 8 2011 | 12:56pm ET
A former top trader at Goldman Sachs headlines a slew of new hires at hedge fund Jabre Capital.
The Swiss firm, founded in 2006 by former GLG Partners star trader Philippe Jabre, added Mona El Isa in May to run a fundamentally-researched portfolio of U.S. and European stocks. El Isa, who earned a place in the late Trader Monthly's 2008 30 under 30 ranking, left Goldman in February.
According to Financial News, El Isa is currently managing money for Jabre's flagship Multi-Strategy Fund. If she proves successful, a stand-alone fund could be in the offing.
JabCap didn't start—and hasn't stopped—with El Isa. Instead, she is among at least a half-dozen new hires at the firm.
Earlier this year, former Credit Suisse head derivatives and convertible salesman Tom Teague joined the firm, followed by former Citigroup technology market-maker Thomas Kutzman, the latter as an U.S. equities trader. Later this year, three others are poised to join: Peter Hale, former head of international convertibles trading at Mizuho International, will become a convertibles trader at the firm; Julien Dumas-Pilhou will join from Putnam Investments, where he was a credit analyst; and Karim Khalil will come over from the Middle East and North Africa stock research team at Merrill Lynch.
Certainly, JabCap needs all the help it can get: The multi-strategy fund is down about 15% and its Global Balanced Fund more than 18%, FN reports. The hedge fund has moved about half of its assets into cash, cut leverage and increased its hedges in the wake of those losses.
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…
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 ...