Friday, 24 October 2014
Last updated 59 min ago
Aug 15 2013 | 12:35pm ET
The Securities and Exchange Commission has sued a Twitter-loving hedge fund manager for allegedly ripping investors off of more than $1 million.
Anthony Davian misappropriated more than two-thirds of the $1.5 million he raised for his Akron, Ohio-based Davian Capital Advisors, the SEC said. Davian, better known to Twitter followers as @hedgieguy, allegedly used the money to finance a lavish lifestyle.
The SEC's lawsuit, filed yesterday, comes after a June raid by the U.S. Secret Service and U.S. Postal Service. Davian may have attempted suicide thereafter; he was hospitalized with carbon monoxide poisoning after his wife found him passed out in his car.
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…
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 ...