Monday, 20 October 2014
Last updated 5 hours ago
Jan 24 2013 | 9:52am ET
When SAC Capital Advisors' Steven Cohen skipped Art Basel in Miami last year, as an insider-trading probe swirled around him, it turned heads. But in spite of the increased pressure on him and his firm, Cohen was not going to miss the World Economic Forum in Davos, Switzerland.
Cohen made his third-straight annual appearance at Davos this week, although he did not participate in any panels. Instead, he's come to observe them, and went to one on "the digital infrastructure of context."
Cohen declined to comment when approached by a Bloomberg News reporter after the panel.
SAC has said that both it and Cohen are confident they have done nothing wrong as the Securities and Exchange Commission prepares a likely lawsuit and as a former portfolio manager prepares to go on trial for insider-trading. And lest anyone think that Cohen is using Davos as a convenient excuse to flee the country, he'll be back on U.S. this weekend, to attend Morgan Stanley's hedge fund conference in Palm Beach, Fla.
SAC, which is facing unprecedented redemption pressure in the wake of the insider-trading scandal, plans to offer its wares to potential investors at the conference and will host a golf outing and dinner.
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 ...