Wednesday, 22 October 2014
Last updated 14 hours ago
Feb 29 2008 | 12:30pm ET
San Francisco-based MCF Asset Management is beefing up its front line, appointing Steven Ledger president and John Hiestand chief operating officer. The firm has also hired James Diamonon as director of sales.
As president, Ledger will oversee the expansion of product distribution to family offices, funds of funds and institutional and high-net-worth investors. He continues to oversee the MCF Focus Fund, a position he has held since joining the firm in 2006.
Hiestand, who joined MCF Corp. in 2002, focuses on the firm’s client service, legal, accounting, operating, marketing and human resource and infrastructure. Diamonon will oversee all of MCFAM’s sales, marketing and business development activities and is tasked with further raising the funds’ assets under management. He previously served as vice president of development for an emerging hedge fund.
MCFAM currently has approximately $60 million in assets under management across three hedge funds: MCF Voyager Fund, a long/short equity fund that invests primarily in the technology, communications and life sciences industries; MCF Focus Fund, an event-driven special situations fund; and MCF Navigator Fund, a small- and micro-cap, long-biased North American fund with a substantial percentage of private placements.
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 ...