Wednesday, 22 October 2014
Last updated 14 hours ago
Jan 15 2014 | 11:30am ET
Perry Capital co-founder Paul Leff has stepped back from day-to-day management of the hedge fund.
Leff has given up his role as co-chief investment officer at the firm, CNBC reports. David Russekoff, who has served as Leff's co-CIO since 2012, is now Perry's sole investment chief.
Leff, who helped found the firm with Richard Perry in 1988, is now vice chairman of the $8.9 billion New York-based hedge fund.
It is unclear why Leff—who handled structured credit and overall portfolio construction at Perry—has stepped back. CNBC speculates it might be to give him more time to focus on the Oakland Raiders, the National Football League franchise which Leff, along with former Perry managing director Dan Goldring and Abrams Capital's David Abrams, owns 20% of.
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 ...