Wednesday, 22 October 2014
Last updated 13 hours ago
Sep 10 2009 | 10:51am ET
The salad days for hedge fund hiring are back, at least at Brevan Howard Asset Management.
The London hedge fund manager has picked up three partners from investment banking firms, according to regulatory filings. The new Brevanites are Fabrizzio Gallo, former head of proprietary trading at Morgan Stanley, Danny Bernheim, formerly of Merrill Lynch, and Richard Chau.
The three hires follow Brevan Howard’s most recent hiring coup, in which they nabbed Mark Hillery, a former top manager at Tudor Investment Corp.
Unlike many of its peers, $24 billion Brevan Howard actually made money last year. A lot of money: The firm’s flagship macro fund was up 20% last year, almost the mirror-image of the average hedge fund, and has returned 14% this year.
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 ...