Thursday, 23 October 2014
Last updated 2 hours ago
Dec 18 2012 | 10:36am ET
Rhode Island's top pension money manager is returning to the hedge fund industry, from whence he came.
Kenneth Goodreau has been named chief investment officer at New York-based TIG Advisors. He starts his new job on Jan. 1, Reuters reports.
Goodreau has spent the past six years as CIO of the Rhode Island State Investment Commission. During his tenure, the $8 billion public pension fund leapt into hedge funds, no surprise, given that before he joined the commission Goodreau led hedge fund Knollwood Capital Management, which he founded.
TIG has about $2 billion in assets under management, a figure that is expected to grow as Goodreau adds strategies to its lineup.
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 ...