Wednesday, 1 October 2014
Last updated 4 hours ago
Feb 25 2009 | 12:21pm ET
With their firm cutting back on risky businesses like their own, Deutsche Bank’s quantitative trading team is leaving to start a hedge fund.
The members of the Equitech Group are setting up New York-based Roc Capital Management, Bloomberg News reports. The fund will open in the second quarter with more than 20 staffers, including traders and scientists. In addition, the firm will have a team of 40 in India, trained by Equitech.
Equitech lost just 1% last year, but Deutsche Bank’s CEO Josef Ackermann’s decision to cut back on proprietary trading includes the quant group. The team returned 2.37% last month.
Roc Capital will be headed by Arvind Raghunathan, currently head of global arbitrage.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...