Tuesday, 21 October 2014
Last updated 9 hours ago
Dec 5 2013 | 10:35am ET
Private-equity giant Apax Partners will replace CEO Martin Halusa with two of its partners.
Andrew Sillitoe and Mitch Truwit will take over as co-CEOs in January, when Halusa, Apax's second CEO after founder Ronald Cohen, will become the London-based firm's chairman.
"Apax's partnership model and consensus-driven approach have served the firm and all of its stakeholders extremely well over the past three decades, and I believe Andrew and Mitch are well-qualified and experienced to lead and inspire the next generation of Apax."
Sillitoe currently works on Apax's technology and telecommunications team. Truwit, the former CEO of Orbitz Worldwide and a former chief operating officer at priceline.com, is a partner at the firm's Apax Services division.
Halusa has led Apax since 2003, and will retire at the end of the investment period for the new US$7.5 billion fund Apax raised earlier this year.
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 ...