Thursday, 23 October 2014
Last updated 2 min ago
Jul 9 2014 | 6:20am ET
Tudor Investment Corp. is preparing for a new interest-rate environment with the hire of Morgan Stanley’s Tiffany Wilding.
Wilding was a strategist at the bank, focused on Treasury Inflation Protected Securities. Formerly of the Federal Reserve Bank in New York, she joined the Greenwich, Conn.-based hedge fund this week, Bloomberg News reports.
The hire is a sign that Tudor—like many hedge funds—expects central banks to begin raising rates soon. Earlier this year, firm founder Paul Tudor Jones complained that the low-volatility environment created by years of low rates has made trading “boring.” It certainly has hurt Tudor’s returns: The firm’s flagship BVI Global Fund is down 4.1% on the 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…
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 ...