Tuesday, 21 October 2014
Last updated 3 hours ago
Mar 13 2013 | 1:48pm ET
A former FrontPoint Partners financials specialist is readying a hedge fund to invest in the sector in Asia.
Thomas Monaco has founded Nighthawk Capital and has begun drumming up investors for its maiden offering. Nighthawk will employ a long/short strategy focused on Asian financial stocks, Bloomberg News reports.
At FrontPoint, Monaco co-managed the firm's Financial Services Fund alongside star manager Steven Eisman. He left the firm in 2011, after it shut most of its funds, including his and Eisman's. FrontPoint closed last year.
Monaco, who worked at FrontPoint from 2007 through 2011, moved to Mizuho Securities Asia in Hong Kong, leaving that post in January. He joined research firm Forensic Asia last month.
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 ...