Wednesday, 22 October 2014
Last updated 9 hours ago
Jan 14 2008 | 1:00am ET
Brian Cohn, who joined SAC Capital Advisors when it managed just $300 million, has announced his departure from the now-$15 billion firm after 11 years.
Cohn, SAC’s president, told colleagues on Friday that he plans to take a break before pursuing another opportunity. Last summer, Cohen suffered a personal tragedy when his six-year-old son drowned in the family pool.
Before joining Stamford, Conn.-based SAC, Cohn worked at International Fund Services.
Cohn is the second SAC executive to announce he is leaving the firm in a week.
James Rowen, chief financial officer, said last week that he would join East Setauket, N.Y.-based Renaissance Technologies as chief operating officer. SAC said that accounting and operations chief Dan Berkowitz will succeed Rowen, who joins James Simons’ quantitative shop in about a month.
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 ...