Tuesday, 21 October 2014
Last updated 37 min ago
Feb 22 2012 | 2:07pm ET
A top Goldman Sachs hedge fund executive is retiring from the firm.
C. Howard Wietschner helped set up Goldman's hedge fund advisory group in 2007. But after 18 years with the firm, the 44-year-old has decided to call it quits, the bank told employees in an internal memo.
Wietschner joined Goldman in 1994 from law firm Weil Gotshal & Manges. During his career at the firm, the partner ran both Goldman's U.S. convertible desk and retail value sales trading operations.
Bloomberg News first reported Wietschner's departure.
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 ...