Wednesday, 22 October 2014
Last updated 1 hour ago
Jan 3 2014 | 1:21pm ET
Moore Capital Management is taking advantage of SAC Capital Advisors' cutbacks as the latter transforms itself into a family office.
The New York-based hedge fund, which manages $12.1 billion, has offered jobs to several of SAC's London-based portfolio managers, CNBC reports. Moore expects some to join early this year.
Moore focused on SAC managers working on equity and macro strategies.
SAC closed its London office last year as it battled insider-trading charges. The firm later pleaded guilty to fraud and agreed to stop managing outside capital.
Moore had been in talks with about a dozen SAC employees in London, battling for their services with the likes of Balyasny Asset Management, BlueCrest Capital Management and Millennium Management.
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 ...