Friday, 24 October 2014
Last updated 1 hour ago
Nov 19 2007 | 7:05am ET
After less than a year as head of credit and equity derivatives, Mark Richardson is out at Dresdner Kleinwort, another casualty of the credit market crisis.
Richardson joined Dresdner at the beginning of the year from London-based hedge fund WMG, where he served as a partner beginning in 2004. His departure comes as Dresdner parent Allianz Group took a €575 million (US$843.4 million) write-down on credit market losses.
Joining him at the exit is Neil Walker, the former co-head of structured credit trading at Merrill Lynch who joined Dresdner just six months ago.
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 ...