Wednesday, 22 October 2014
Last updated 7 hours ago
Feb 1 2013 | 11:57am ET
Two of Goldman Sachs' major internal hedge fund units will now share a leader.
Raanan Agus, who heads Goldman Sachs Investment Partners, will take over as chief investment officer of Liberty Harbor, the bank's $5 billion credit hedge fund unit. He takes over from Gregg Felton, the former Amaranth Advisors trader who has led Liberty Harbor since joining Goldman in 2006.
Goldman also told clients Monday that Brendan McGovern and Sal Lentini, Amaranth veterans who joined Goldman with Felton, would serve as co-heads of investment for Liberty Harbor. McGovern had been head of research at the group and Lentini head of credit trading.
Liberty Harbor has 20 employees.
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 ...