Saturday, 28 March 2015
Last updated 19 hours ago
Mar 28 2013 | 9:17am ET
Once again, a bank's loss is a hedge fund's gain, as BlueCrest Capital Management and Tilden Park Capital Management have snatched two traders from a shuttered Deutsche Bank proprietary-trading desk.
Mortgage-debt trader John Roach has joined BlueCrest and Michael Boyle, a commercial mortgage securities trader, Tilden Park, Bloomberg News reports. Both worked at a prop. desk that Deutsche Bank closed last month to come into compliance with new U.S. and European banking regulations.
At BlueCrest, Roach joins Matt Siravo, who joined the hedge fund from Deutsche Bank last month, and credit trader Stefano Galiani, who joined last year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…