Wednesday, 1 October 2014
Last updated 5 hours ago
May 17 2013 | 10:47am ET
UBS' hedge fund unit is bleeding traders.
UBS O'Connor has lost at least six stock traders this year, Bloomberg News reports. Some have moved on to other prominent hedge funds.
Three—Felipe Cruz, Arnaud Langlois and Mark Napp—have joined Millennium Management in London. Two others, Bernard Ahkong and Rabin Tambryaha, have moved to BlueCredt Capital Management, and Jason Randolph is now at Tudor Investment Corp.
All six were portfolio managers at UBS O'Connor.
"O'Connor has approximately 90 front-office investment professionals, and like most hedge funds will have departures and new joiners in any given year," UBS spokesman Ollie Gadney told Bloomberg.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...