Monday, 20 October 2014
Last updated 8 hours ago
Apr 20 2009 | 9:36am ET
An adviser to some of the world’s largest hedge funds is heading back to the Federal Reserve to manage its growing balance sheet.
Brian Sack has been named head of the Federal Reserve Bank of New York’s markets group, where he will oversee both the Fed’s portfolio and all open-market operations. Sack joins from Macroeconomic Advisers, where he specialized in Fed analysis. Macroeconomic Advisers boasts 50 of the world’s largest money managers and hedge funds as clients.
Sack “brings to the Bank a unique understanding of the interplay of economics and finance and has a combination of real world experience and public service that will be invaluable to the New York Fed,” his predecessor, William Dudley, said. Dudley has been named president and CEO of the New York Fed.
Sack, who begins his new job in June, is no stranger to the Fed: In addition to his years analyzing it as an economist with Macroeconomic Advisers, he headed the Federal Reserve Board of Governors’ monetary and financial markets analysis section.
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 ...