Tuesday, 21 October 2014
Last updated 9 hours ago
Mar 11 2013 | 9:59am ET
D.E. Shaw & Co. has made two senior hires, adding a veteran of the Federal Reserve Bank of New York and a Tudor Investment Corp. economist.
New York-based D.E. Shaw named Brian Sack and Angel Ubide senior vice presidents and co-directors of global economics on its discretionary macro team. Sack joins from the New York Fed, where he was an adviser to its president and a former head of its markets group, while Ubide comes from Tudor, where he was director of global economics. Before joining that hedge fund, Ubide was at the International Monetary Fund and McKinsey & Co., and is currently a senior fellow at the Peterson Institute for International Economics. Sack formerly worked at Macroeconomic Advisers.
Both men will divide their time, spending some of it in New York, with Sack otherwise based in Boston and Ubide in Washington.
"Our macro team casts a wide net in terms of asset class and geography, and having these two talented individuals' insights strengthens our capabilities in several dimensions as we source and analyze trades in global markets," Max Stone, head of macro investing at D.E. Shaw, said.
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 ...