Monday, 20 October 2014
Last updated 17 min ago
Mar 15 2012 | 11:13am ET
Capula Investment Management has lost its brainy systematic trading chief, Qiang Dai.
Dai will leave the London-based hedge fund after more than six years. He plans to pursue personal interests, Bloomberg News reports.
Quantitative bets account for about 1% of Capula's $13 billion portfolio.
Dai, a partner, joined Capula in 2005 as head of market research and risk. He was promoted to chief risk officer in 2009 and head of systematic trading at the end of 2010.
Prior to joining Capula, Dai, who holds Ph.D.s in finance and physics, taught finance at New York University and the University of North Carolina at Chapel Hill.
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 ...