Tuesday, 21 October 2014
Last updated 10 min ago
Aug 7 2013 | 10:07am ET
Tudor Investment Corp.'s European employees aren't feeling the bonus pinch that's hitting the continent's bankers.
The hedge fund's employees split a US$69.6 million bonus pool for the fiscal year ended March 31, roughly in line with the US$67.3 million they split a year ago, Financial News reports. Tudor Capital Europe's profit for the year was US$70 million, up from US$66 million in the previous year, and revenue rose 11.7% to US$120.6 million.
The bonus pool went to TCE's 21 members, the highest-paid of which got US$27.6 million, an increase from the previous year's US$23.3 million.
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 ...