Thursday, 23 October 2014
Last updated 30 min ago
Sep 8 2011 | 11:57am ET
Citadel Investment Group's former chief operating officer in Europe is now HSBC's top prime services executive.
Paul Hamill started his new job at HSBC Securities Services today, Financial News reports. He'll focus on both prime services and equity financing, while current head of prime services Cian Burke, who's also co-head of securities services, will take over exchange-traded and over-the-counter derivatives clearing.
Hamill will report to Burke and Patrick George, global head of equities.
Hamill left Citadel at the beginning of 2009. Last year, he started Foxley Asset Management with former CQS co-CEO Grant Thompson. That firm, which aims to combine hedge fund and traditional asset managers, has not formally launched, but Thompson continues to work on it.
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 ...