Wednesday, 22 October 2014
Last updated 5 min ago
Dec 4 2012 | 11:44am ET
Millennium Management chief Israel Englander's derivatives brokerage business has a new head of prime brokerage.
Israel A. Englander & Co. named Fredrick Scuteri a chief operating officer of prime services. He'll serve as co-head of the three-year-old business with Brett Yarkon.
Scuteri joins New York-based IA Englander from Thomson Reuters, where he was global head of the hedge fund strategy group. He formerly served as head of prime brokerage at Cuttone & Co.
"We are extremely excited to bring in a person with Fred's vast experience and deep knowledge," CEO Stephen Tobias, who co-founded IA Englander in 1977 with Englander, said. "As we continued to expand our capabilities, Fred will be growing our product offering and streamlining the operational workflow."
Englander remains a passive minority investor in IA Englander.
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 ...