Thursday, 23 October 2014
Last updated 4 hours ago
Jan 5 2012 | 2:34pm ET
A top Credit Suisse banker will launch a hedge fund for the bank's clients.
Albert Sohn, head of securitized products at the firm before his moved to Credit Suisse Asset Management this month, will run the hedge fund with as many as four other employees, Bloomberg News reports. The new fund, which will debut this year, will manage money on behalf of Credit Suisse clients, and not the bank's own capital.
Sohn's move comes after a difficult year for his former division, which underwrote only two U.S. residential mortgage-backed securitizations last year. Credit Suisse shuttered its U.S. commercial mortgage-backed securitization unit in October.
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 ...