Tuesday, 21 October 2014
Last updated 49 min ago
Apr 27 2012 | 4:34am ET
Old Mutual will merge its British asset management businesses, both of which have hedge funds in their stable, the firm said yesterday.
Old Mutual Asset Managers and Skandia Investment Group will be united in the third quarter as part of a streamlining effort. Old Mutual added that it hoped the combined business would be better able to attract and retain top investment talent.
OMAM CEO Julian Ide will serve as CEO of the merged group. Skandia's James Millard will be chief investment officer.
"The unified business will give Old Mutual a significant asset management presence in the U.K. and it will be the investment engine behind Old Mutual's wealth management business," the company said.
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 ...