Thursday, 23 October 2014
Last updated 13 hours ago
Nov 20 2007 | 1:53pm ET
Anand Parekh, who left Citadel Investment Group under something of a cloud, has raised $1.5 billion for his own hedge fund.
Parekh’s new Chicago-based shop raised the capital from Deutsche Bank, and is seeking additional investment before launching the fund, Reuters reports. It will pursue a multi-strategy, multi-asset class investing course.
Parekh left Citadel a year ago, amid rumors of the hedge fund giant’s imminent collapse. His global stock trading group had underperformed Citadel’s other business groups in the months leading up to his departure.
Prior to joining Citadel in 2003, he was head of the North American structuring group at Deutsche Bank.
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 ...