Monday, 20 October 2014
Last updated 1 hour ago
Aug 21 2012 | 10:17am ET
A private equity chief is one of the first two women to ever be admitted to the Augusta National Golf Club.
Darla Moore was invited to join the prestigious Georgia club, which had until now an exclusively-male membership—and controversially since the National Council of Women's Organizations began protesting the lack of women in green jackets. Moore is CEO of Rainwater LLC, the private equity business founded by her husband, Richard Rainwater, a pioneer in the field.
But Moore isn't simply the head of her husband's company. The South Carolina native was during the 1980s and 1990s one of the highest-ranking women in banking. At Chemical Bank, Moore was known as the "Queen" of debtor-in-possession financing, becoming the highest-paid woman in the industry and earning the cover of Fortune magazine—also a first for a woman.
Golf appears to run in the Rainwater-Moore family: Moore's husband is a part owner of the famed Pebble Beach Golf Course in California.
In addition to Moore, Augusta National, which hosts golf's prestigious Masters Tournament, also invited former Secretary of State Condoleezza Rice to join the club.
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 ...