Tuesday, 23 September 2014
Last updated 10 hours ago
May 8 2012 | 11:18am ET
Richard Ruzika, the former Goldman Sachs commodities chief who was preparing to launch a hedge fund, has died, two weeks after suffering a stroke. He was 53.
Ruzika; Lance Bakrow, also formerly of Goldman; and Joe Howley, formerly of Tudor Investment Corp. and Sempra Energy, had set up Greenwich, Conn.-based Dublin Hill Capital earlier this year. Ruzika was to run the firm's planned Global Macro Fund, which was to debut this quarter.
Howley told Bloomberg News that Ruzika died yesterday at a Stamford, Conn., hospital.
Ruzika spent almost 30 years at Goldman Sachs, rising to serve as global head of commodities and head of special situations. He left the firm last year to found Dublin Hill. A Columbia University alumnus, Ruzika signed with the National Football League's New York Jets after graduating. He quit the team during training camp, saying he no longer wanted to play, and joined Goldman in 1982.
Ruzika suffered a stroke on April 22, three days after undergoing knee surgery. He is survived by his wife and two teenage children.
"We're deeply saddened by his passing," Goldman said in a statement. "For nearly three decades, Rich served Goldman Sachs with distinction."
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.