Wednesday, 22 October 2014
Last updated 4 hours ago
Nov 10 2011 | 9:30am ET
Mutual fund giant Pacific Investment Management Co. has hired a hedge funder to join its portfolio analytics group.
Stefano Risa was named head of mortgage and asset-backed analytics at the Newport Beach, Calif.-based firm. Based in New York, Risa most recently worked for hedge fund C12 Capital Management.
Risa's new team at PIMCO—which added two others, Vasant Naik as global head of empirical research and Riccardo Rebonato as head of rates and foreign-exchange analysis—is headed by Ravi Mattu, the former head of research and strategy at Citadel Investment Group's investment banking unit until his hire by PIMCO in February.
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 ...