Monday, 20 October 2014
Last updated 51 min ago
Nov 21 2008 | 1:05am ET
Sal Naro, co-founder of now-defunct Sailfish Capital Partners, has resurfaced as global co-head of equities, commodities and risk management at Markit, a financial information services company.
Naro will be based in Markit’s New York office. His former shop, a multi-billion dollar fixed-income hedge fund, blew up earlier this year with the two partners of the Stamford, Conn.-based hedge fund—Mark Fishman and Naro—reportedly getting into a shouting match during the fund’s final days, ordering traders to liquidate all of the fund’s positions.
“I have worked closely with Markit for many years and have great admiration for the firm’s success in bringing transparency and efficiency to the over-the-counter markets,” said Naro. “I consider Markit to be the firm of choice in the financial information services arena and I look forward to being part of its drive to improve infrastructure in the global OTC markets.”
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 ...