Wednesday, 22 October 2014
Last updated 4 hours ago
Apr 15 2013 | 10:17am ET
Bank of America has landed UBS' capital introductions chief to lead its own hedge-fund fundraising effort.
Robert Sachs was named global head of capital introductions and strategy at BofA's prime brokerage, Bloomberg News reports. He will begin at the bank in the coming months, Stu Hendel, global head of financing products, wrote in an internal memo.
Sachs has served as global head of capital introductions at UBS for the past four years. He formerly worked at Constellar Capital Management, Olympia Capital Management and Credit Suisse.
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 ...