Wednesday, 22 October 2014
Last updated 11 hours ago
Jul 22 2009 | 12:57pm ET
Patriotism may be the last refuge of scoundrels, but is the alternative investments industry becoming the last refuge for discarded banking executives?
Marcel Rohner, last seen in February leaving UBS following an $18 billion loss on his watch, has resurfaced at private equity firm Exigen Capital, Forbes reports. He joins Richard Fuld, who presided over the death of Lehman Brothers, and ex-Wachovia CEO Ken Thompson in the alts. business. Fuld now works at hedge fund Matrix Advisors while Thompson recently joined p.e. shop Aquiline Capital Partners.
He may soon have even more company: Former Merrill Lynch CEO Stanley O’Neal was reportedly in talks about joining alternative investments firm Vision Capital Advisors, while former Morgan Stanley co-president Zoe Cruz reportedly wants to join a hedge fund or found her own.
Rohner will serve on Exigen’s advisory board.
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 ...