Wednesday, 1 October 2014
Last updated 51 min ago
May 1 2008 | 2:00am ET
The Goldman Sachs executive who led its troubled asset-management and hedge fund unit may join Merrill Lynch.
Peter Krauss, a 22-year Goldman veteran who left last month, is in talks with Merrill, which is now led by former Goldman executive John Thain, about a position overseeing strategy, Bloomberg News reports. Thain, who led the New York Stock Exchange in between his gigs at Goldman and Merrill, has been adding Goldman veterans to Merrill’s executive team since taking over last year.
Kraus served as co-head of Goldman Sachs Asset Management, whose hedge funds suffered big losses last year.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...