Thursday, 23 October 2014
Last updated 1 hour ago
Nov 21 2012 | 11:36am ET
Brevan Howard Asset Management isn't wasting any time in staffing its newly-opened New York office.
The Geneva-based hedge fund giant, which largely quit the U.S. in 2008, opened the New York office in June and has hired 16 people to staff it since then. Now, it's looking to add traders, Bloomberg News reports.
The most recent additions to the US$39 billion firm's New York effort include Josh Bertman and Don Carson, both formerly of Credit Suisse. Bertman, who will come aboard shortly, was a mortgage trader and Carson, who joined last month, ran the bank's U.S. dollar swaps desk. It has also hired Giles Coppel from Tudor Investment Corp., Duetsche Bank's Vinay Pande and his three-member team, and former Roubini Global Economics commodities strategist Shelley Goldberg.
Brevan said this summer that the New York office would initially manage US$800 million.
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 ...