Friday, 24 October 2014
Last updated 19 hours 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…
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 ...