Tuesday, 21 October 2014
Last updated 10 hours ago
Jul 10 2014 | 6:11am ET
Pope Francis is turning to a prominent hedge fund manager to help him clean up the scandal-tarred Vatican Bank.
CQS founder Michael Hintze has been named to the board of the bank, officially known as the Instituto per le Opere di Religione, one of six new lay members. The move is part of a series of changes the pope, elected last year, has made to clean up the Vatican Bank, which in recent years has faced charges of money laundering.
Hintze is a devout Roman Catholic.
In addition to the reconstituted board, the pope also named a cardinal, George Pell, to oversee his new Secretariat for the Economy, in February, and this week appointed former Invesco European head Jean-Baptiste de Franssu president of IOR.
“Our ambition is to become something of a model in financial management rather than a cause for occasional scandal,” Pell, the former archbishop of Sydney, Australia, said.
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 ...