Friday, 24 October 2014
Last updated 19 hours ago
Feb 27 2012 | 4:01am ET
A pair of former Citigroup executives have set up a fund of hedge funds in Italy.
Panfilo Tarantelli and Sergio Ascolani founded Tages Capital in Milan last year. The two did not exactly start the new firm from scratch, instead buying UBI Pramerica's alternative investment business in October, Financial News reports.
Tarantelli was head of investment banking at Citi and vice chairman of Citi Europe. Ascolani ran Italian banking at the firm.
Tages recently won authorization from British regulators. The firm boasts eight professionals authorized by the U.K. Financial Services Authority, including chief investment officer Salvatore Cordaro.
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 ...