Wednesday, 1 April 2015
Last updated 3 hours ago
Feb 5 2014 | 9:33am ET
D.E. Shaw Group's energy chief is leaving the firm after a brutal December.
Jeff Myers will retire at the end of March, The Wall Street Journal reports. His decision to leave after 12 years at the New York-based hedge fund came on Jan. 22, following an 18% loss for his group's Plasma hedge fund.
The $650 million energy fund lost 28% overall last year, and was on track for a losing January, as well.
Myers will be succeeded by two of his lieutenants, Sanjay Jacob and Travis West. Jacob, a former Citadel Investment Group trader, will be senior portfolio manager, based in Overland Park, Kan. West, formerly of power-plant operator Mirant Corp., will handle day-to-day management of Myers' 12-person team from New York.
"We will be sorry to see Jeff retire," Darcy Bradbury, a spokeswoman for D.E. Shaw, told the Journal. "Jeff has managed the unit very successfully over the years, with the team delivering strong long-term performance for our investors."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…