Tuesday, 21 October 2014
Last updated 13 min ago
Nov 24 2008 | 1:42am ET
Barclays has cut its U.S. prime brokerage staff by 30% as it eyes a major contraction in the hedge fund industry.
About 100 jobs were cut at the capital markets prime services unit in New York two weeks ago. According to Bloomberg News, the layoffs were part of a restructuring to adjust for changes in the industry, and not an effort to eliminate redundancies with Lehman Brothers’ prime brokerage, which Barclays acquired from the bankrupt firm in September.
All told, Barclays said it plans to cut some 3,000 jobs in the U.S.
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 ...