Monday, 20 October 2014
Last updated 24 min ago
May 22 2014 | 11:05am ET
A former SAC Capital Advisors manager in Hong Kong plans to launch a hedge fund of his own, focused on Greater China.
Ken Xu’s unnamed firm will offer its maiden hedge fund at the end of this year or early next year, Reuters reports. The fund will follow a long/short equity strategy; other details, including fundraising target, were unclear.
Xu left SAC, now called Point72 Asset Management, earlier this month. He spent three years at the firm, which pleaded guilty to insider-trading charges last year.
Prior to joining SAC, Xu worked at Och-Ziff Capital Management, where he was co-head of Greater China equity long/short investments.
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 ...