Tuesday, 21 October 2014
Last updated 6 min ago
Jan 8 2013 | 4:17pm ET
Grace Financial Group—which specializes in prime brokerage and custom execution services—has appointed Gerard Lennon to the newly-created position of president.
According to CEO Brian Villante, Grace Financial Group is working to broaden its offerings through new relationships in the clearing and execution services industry as well as maintain the sequential growth it is experiencing with many of its other products.
Lennon, who has been with Grace Financial Group for the last six years, brings to the position more than 20 years of institutional sales and brokerage experience.
According to Villante, the past few years have been marked by consolidation and challenges for many in the industry, but Grace Financial has both maintained and in many cases grown its position in the marketplace. Both Villante and Lennon are expecting a long-term upturn in the business cycle for the entire industry, and as such “are excited to have Grace in position to be at the competitive forefront of this cycle.”
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 ...