Thursday, 26 March 2015
Last updated 2 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.
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…