Thursday, 23 October 2014
Last updated 15 hours ago
Sep 8 2008 | 1:00pm ET
New York hedge fund shop Fairfield Greenwich Group has teamed up with Banque Bénédict Hentsch, a Geneva, Switzerland-based private bank, to form a $16 billion alternative asset firm.
The combination will allow BBH clients to gain access to Fairfield Greenwich's broad platform of single-manager hedge funds, funds of hedge funds, real estate funds and customized portfolios, while Fairfield Greenwich clients can now access BBH's suite of wealth management services.
“As Fairfield Greenwich has grown, and as the hedge fund industry has matured, we have evolved toward a more comprehensive view of alternative investments, asset management, and banking as interrelated disciplines,” said Fairfield Greenwich founding partner Walter Noel. “We believe that our partnership with a firm of BBH's outstanding quality brings us even more directly into the vanguard of global alternatives managers who are finding new and interlocking opportunities through expansion and business development across multiple financial industry sectors.”
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 ...