Tuesday, 21 October 2014
Last updated 1 hour ago
Apr 9 2008 | 11:48am ET
Osman Semerci, Merrill Lynch's former global head of fixed income who was fired in October amidst massive write-downs in the firm's fixed-income business, has resurfaced as a partner at a London-based alternative asset manager.
Semerci has been hired as CEO of the Duet Group, where he will be responsible for building the firm’s structured products division. At the same time, founding partners Alain Schibl and Henry Gabay will focus on expanding the firm’s hedge fund and private equity businesses, respectively.
“His appointment, along with the corporate changes we are announcing, formalizes our business structure,” said Gabay. “Osman's experience will be a powerful addition to the development of Duet. On a more personal note, we have known Osman for a number of years, and he is a great fit within our business culture.”
Duet was founded in 2002 and currently manages more than $1.7 billion in private equity, hedge funds and long-only funds.
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 ...