Tuesday, 21 October 2014
Last updated 10 hours ago
Dec 3 2007 | 1:29pm ET
Former hedge fund manager Vikram Pandit is the leading candidate to head Citigroup, and could be named to the top job within a week.
The New York Times reports that Pandit, who joined Citi seven months ago when it bought his Old Lane hedge fund for about $800 million, has seen his support in the four-member search committee rise, although the paper called the search “difficult,” adding that “no clear choice has emerged” to take the reins at troubled financial giant.
Pandit currently heads Citi’s alternative investments and investment banking operations. Prior to joining the firm, he was a top executive at Morgan Stanley frequently mentioned as a potential future CEO.
According to the Times, should Pandit succeed Charles Prince, who was forced out last month, Chairman Robert Rubin would likely remain in his post for some time longer. Rubin had said he expected to step down when a new leadership team was selected.
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 ...