Tuesday, 21 October 2014
Last updated 1 hour ago
Aug 30 2012 | 3:41am ET
Hedge fund GoldenTree Asset Management has added a Morgan Stanley distressed-trading veteran to lead its own trading business.
The New York-based hedge fund named Daniel Ornstein co-head of trading, alongside Corey Geis, Bloomberg News reports.
Ornstein was head of North American distressed trading at Morgan Stanley.
GoldenTree specializes in leveraged loans, high-yield debt and collateralized loan obligations. The firm, which has $16 billion in assets, raised a $590 million CLO with Bank of America last week.
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 ...