Tuesday, 21 October 2014
Last updated 8 hours ago
Feb 20 2013 | 12:38pm ET
A top former JPMorgan Chase and UBS credit trader has won a $300 million seed investment from Paloma Partners.
Rosen's New York-based Reef Road Capital Management plans to launch its maiden hedge fund in the second quarter, Bloomberg News reports. In winning Paloma's backing, it joins other industry luminaries, including D.E. Shaw Group, in which Paloma also invested.
Rosen is still hiring for his credit hedge fund, having already hired JPMorgan's Henry Kim and Jeff Nusbaum, both of whom worked for him at the bank. All told, Reef Road has seven employees currently, and aims to increase that headcount to between 11 and 13 at launch.
Rosen spent 13 years at JPMorgan before joining UBS as co-head of fixed-income, currencies and commodities in 2011. He left that bank last summer.
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 ...