Friday, 24 October 2014
Last updated 50 min ago
May 9 2012 | 10:16am ET
A Deutsche Bank derivatives specialist in Tokyo plans to launch a commodities trading adviser this summer.
Ryo Ishiyama's Steinberg Capital Co. will employ the trading strategy he has used to manage his own money. The firm's first fund will be a systematic exchange-traded futures vehicle, with Ishiyama putting up two-thirds of the initial ¥300 million in capital.
That ¥200 million was just ¥60 million six years ago, Ishiyama said, before he deployed his quantitative strategy. Ishiyama said he plans to raise a further ¥700 million in about a year, bring the fund to its ¥1 billion capacity.
"I am only seeking to raise money with the capacity of the strategy and not any more until I enhance the system," Ishiyama told Bloomberg News. "For now, I want to focus on managing private money, which is mostly my own, to build my track record."
Ishiyama said Steinberg will seek to return about 20% annually. He himself, a veteran of Daiwa SB Capital Markets, Citigroup and Morgan Stanley, will officially leave his job at Deutsche Securities at the end of this month.
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 ...