Wednesday, 22 October 2014
Last updated 16 hours ago
Jun 8 2012 | 1:04pm ET
Citadel Investment Group has fired its head of quantitative credit, David Hensle.
Hensle, who has been with the firm since 2006, was dismissed in April, Reuters reports. It is unclear why Hensle, whose portfolio was up this year and flat last year, was let go.
Citadel confirmed Hensle's exit.
Hensle's former unit has been taken over by Jamey Thompson, who also recently took the helm of the hedge fund's fundamental credit group.
Hensle joined Citadel from Bank of America, where he was head of U.S. liquid structured credit market-making. He and Becket Wolf were promoted to co-heads of structured credit at the hedge fund in 2009.
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 ...