Monday, 20 October 2014
Last updated 15 min ago
May 11 2012 | 11:56am ET
UBS' fund administration business is coming to America.
UBS Fund Services will open its first office in the U.S. on July 1. The New York base will actually be the group's third in North America, after Toronto and the Cayman Islands. Some professionals from the latter will be transferred to New York; the new office will also recruit.
The office is the result of demand from clients, HFMWeek reports, who wanted a local presence for their administration. It's also only UBS' first foray into the U.S.; the firm plans to hire business development pros in Texas and on the West Coast.
UBS' move into the U.S. market follows its expansion to Asia last year, with offices in Hong Kong and Singapore.
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 ...