Jan 10 2011 | 1:48pm ET
The process-driven trading group will be spun off as PDT Advisors at the end of 2012. All of the group’s roughly 60 employees are expected to join the new firm, which will be led by PDT chief Peter Muller.
The Wall Street giant will have an option to retain a preferred stake in PDT Advisors—and likely will, according to published reports—and will probably serve as its prime broker. PDT will acquire some assets from Morgan Stanley as part of the deal.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…