Friday, 24 October 2014
Last updated 15 hours ago
Feb 24 2012 | 4:27am ET
Hedge fund hotel Quant EMS has snagged a casualty of the recent cuts at Citigroup's investment bank.
Paul Kelly has joined Quant EMS as director of business development. He is charged with building the mini-prime's client base in Europe.
Kelly left Citi in December after serving as head of the bank's European wholesale execution services unit.
"We’re excited to have Paul join the team and he’ll help us to capitalize on the growing interest we’re seeing from smaller proprietary trading houses, brokers and hedge funds from across Europe," CEO Jerry Lees told Financial News. "These firms are able to operate under our FSA-licence, and by aggregating activity from these we are able to bring them wholesale-level benefits across execution, clearing and other brokerage services."
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 ...