Tuesday, 21 October 2014
Last updated 15 min ago
May 23 2013 | 11:11am ET
Citadel Investment Group is among the most successful hedge funds in history, so it's little wonder that other firms are lining up to license its technology.
In September, Citadel put former ConvergEx RealTick CEO Stuart Breslow in charge of its Citadel Technology unit. And Breslow has proven quite a salesman, more than doubling the division's client base, which stood at just a handful prior to his arrival, Hedge Fund Alert reports.
Citadel Technology now boasts a mix of clients, including fund managers and institutional investors, who can access the technology either locally, by installing it, or by using it on the Internet. The systems support all asset classes and multiple prime broker relationships.
Citadel has been licensing its technology since 2009.
Citadel Technology, which operates independently of the firm's hedge fund business, currently employs 30 people.
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 ...