Monday, 20 October 2014
Last updated 5 min ago
Jul 30 2013 | 10:06am ET
His hedge fund was indicted for fraud on Thursday. On Friday, it pleaded not guilty.
On Saturday, SAC Capital Advisors' Steven Cohen threw a party.
In spite of the insider-trading charges that threaten his 21-year-old firm, Cohen moved ahead with the previously-planned affair, Reuters reports. The event was intended to show support for ovarian cancer research, although it was not a fundraiser.
A few dozen people attended the evening party at Cohen's home in East Hampton, N.Y., where they shared $2,000 worth of tuna delivered by a local fishmonger.
The same determination to keep SAC up-and-running was behind Cohen's decision to not cancel the party, according to Reuters sources.
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 ...