Tuesday, 21 October 2014
Last updated 10 hours ago
Oct 25 2011 | 8:52am ET
A pair of hedgies feature prominently in this year's edition of Fortune magazine's ranking of the top young guns in business.
Bridgewater Associates' Greg Jensen and Centaurus Capital's John Arnold are among the top five in Fortune's "40 under 40" list, led this year by Facebook founder Mark Zuckerberg. Jensen, the co-CEO and co-chief investment officer at the world's largest hedge fund, clocks in at number three, while Arnold is ranked fifth following his firm's first-ever losing year.
Both Jensen and Arnold are 37.
One other top hedge fund manager made the list: Saba Capital founder and former Deutsche Bank trader Boaz Weinstein. The 38-year-old took 19th on the list.
Two others with hedge fund ties made the list. Salman Khan, a former hedge fund analyst, was honored for his philanthropic educational efforts. And Ryan Kavanaugh—the would-be Hollywood mogul who has had a publicly prickly relationship with the chief backer of his Relativity Media studio, hedge fund Elliott Associates, is 22nd on the list.
Fortune also tapped three with alternative investments links as possible future members of the "40 under 40" list. Third Point veteran and founder of healthcare hedge fund YYC Capital Management Brigette Roberts made the magazine's "20 to watch" list at 36, as did Evercore Partners' Naveen Nataraj. Also on the list was candy maven Dylan Lauren, the daughter of designer Ralph Lauren and, since this summer, the wife of Marblegate Asset Management co-founder Paul Arrouet—who, at 40, isn't eligible for either list.
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 ...