Wednesday, 22 October 2014
Last updated 15 hours ago
Aug 19 2013 | 1:09pm ET
A pair of Brevan Howard Asset Management traders have left the firm in the wake of losses in its flagship hedge fund.
Wayne Leslie and Jason Feasey were credit traders at Brevan Howard, and bring to at least a dozen the number of traders who have left the firm since the end of May, Bloomberg News reports. In June, Brevan Howard's Master Fund lost 2.9%, its worst month in almost five years, and fell another 0.9% last month.
Leslie's exit comes less than a year after he joined the hedge fund from Goldman Sachs, where he was a managing director in European investment-grade credit trading. Feasey, a structured-credit specialist, had been with Brevan Howard since 2011, when he joined from Bank of America.
Other recent exits include Richard Armes, Luke Ding, Dan Mirabella and Milena Todorova.
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 ...