Friday, 24 October 2014
Last updated 18 hours ago
Feb 14 2012 | 1:57pm ET
A former Elliott Management credit trader will launch his own hedge fund this summer.
Craig deLaurier expects Cerro Capital Management to debut with between $50 million and $100 million, HFMWeek reports. Cerro's maiden offering will focus on convertible arbitrage and other credit strategies.
DeLaurier has been with Elliott for less than three years. Before joining Paul Singer's firm, he worked at Deutsche Bank trading convertibles, including a period under Boaz Weinstein. Weinstein now runs hedge fund Saba Capital Management.
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 ...