Monday, 20 October 2014
Last updated 2 days ago
Oct 22 2008 | 11:31am ET
Former Morgan Stanley co-president Zoe Cruz may start a hedge fund.
TheStreet.com reports that Cruz, who was forced out of the firm last year after big losses in its fixed-income group, is looking to make a comeback, and is considering raising money for a new hedge fund, among other options.
Cruz is said to prefer joining an existing business, and joining an asset management firm could also be on her agenda. She reportedly rebuffed the advances of UBS, which had considered offering her a position.
Cruz spent 25 years at Morgan Stanley, the last six months as acting co-president of the firm. She was controversially named co-president of Morgan Stanley alongside Stephen Crawford, leading to an exodus of top executives, just months before then-CEO Phillip Purcell was forced out. She was named acting president by Morgan Stanley CEO John Mack after Crawford resigned the month after Purcell’s departure.
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 ...