Monday, 20 October 2014
Last updated 9 min ago
Nov 20 2006 | 11:55am ET
Halifax, Nova Scotia, once the principal North American hub for Britain’s Royal Navy and famously the final resting place for many Titanic dead, is aiming for a new, lucrative claim to fame.
The city, where temperatures in January rarely top freezing and residents enjoy almost 20 inches of snow a year, may yet challenge its more temperate competitors, such as Jersey and Bermuda. Citco Group, a major hedge fund administrator based in the latter tropical paradise, is expected to announce today that it will open—with generous subsidies from Nova Scotia’s government—an office and training center in the city that will employ 350 people. Citco’s announcement comes after last week’s news that hedge fund Olympia Capital International plans a 150-employee office in the city.
According to the Globe and Mail, Bermuda-based financial companies have made hiring commitments to Halifax totaling about 1,000 jobs.
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 ...