Monday, 20 October 2014
Last updated 9 hours ago
Nov 4 2009 | 2:46am ET
The Bank of New York Mellon has promoted Brian Ruane to head its $200 billion hedge fund administration unit.
Ruane, currently executive vice president and head of global client management for North America, will serve as the first CEO of BNY Mellon Alternative Investment Services, based in New York. In the newly-created post, Ruane will be responsible for expanding the firm’s global client relationships.
“Brian's experience and leadership will help us continue to grow, build on our strengths, and set new standards for serving clients during this transformational time in the industry," said Art Certosimo, head of broker/dealer and alternative investment services at BNY Mellon, and Ruane’s boss. "BNY Mellon's AIS business has achieved impressive revenue and market share gains the past few years, where others have struggled.”
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 ...