Momtchil Pojarliev
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Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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February 2, 2006

Fast Track

By Editorial Staff

Also in this article

*Ralph Acampora joined Knight

Capital Group as head of the broker's new Knight Technical Research division. Acampora was previously in charge of technical research at Prudential Equity Group for 15 years. He heads a team of three at Knight.

*At NYFIX, Bob Gasser takes over as chief executive officer from Peter Hansen, who will remain as chairman. Gasser was previously head of the divisions, NYFIX Millennium and NYFIX Clearing Corp.

*Brian Carr replaces Bob Gasser at NYFIX as chief executive of NYFIX Millennium. Carr has been with NYFIX since 2000 and was previously a senior vice president responsible for both NYFIX Millennium and NYFIX Transaction Services.

*Anthony Portelli replaces Bob Gasser as chief executive of NYFIX Clearing Corp. Portelli was previously NYFIX's clearing division's chief financial officer.

*Brian Pears joined NYFIX as a sales and marketing executive in its Millennium division. Before NYFIX, Pears was head trader at Victory Capital Management.

*Steve Rafkind joined Gordon Haskett Capital at the New York Stock Exchange as a floor broker. Rafkind had been with the floor brokerage John E. Wilson, Jr.

*Michael Durand joined 508 Securities as a floor broker at the NYSE. Durand was most recently with Marquis Holdings. He also worked for Bear Stearns.

*Michael McCauley was named head of trading at Pyramis Global Advisors, the new institutional arm of Fidelity Investments. McCauley was previously president of Pulse Trading. He had been a senior sector trader at Fidelity before joining Pulse.

*Alejandro Herrera joined Bear Wagner Specialists as a specialist at the New York Stock Exchange. Herrera was previously with LaBranche for six years.

*Daniel Trimble joined Cuttone & Co. as a floor broker at the New York Stock Exchange. Trimble spent a number of years as a floor broker with Citigroup Global Markets.

*Pulse Trading made three hires. Kevin Platt, a former sales trader at UBS, joined Pulse's Boston headquarters. Tom Geffert, formerly of Wells Fargo Securities, joined Pulse's San Francisco office. Brian O'Day, an Instinet veteran, joined the firm's New York office.

*Daniel Ferencz joined Nandra Group as an NYSE floor broker. Ferencz was previously with Bear Stearns.

*Glen Shipway was appointed to the board of directors of the National Stock Exchange. Shipway, a former executive with Nasdaq and Primex, is a consultant to brokerage firms and their legal counsel.

*Former high-ranking Morgan Stanley equities trading executives John Havens and Guru Ramakrishnan have formed a hedge fund with Morgan Stanley's former head of institutional securities, Vikram Pandit. The fund is called Old Lane Management and will focus on investments in India.

*Alaric Fontenot joined trade-cost analysis firm QSG as a quantitative analyst. Fontenot, a 12-year Wall Street veteran, was previously with Instinet. There he worked in sales and trading as well as the the trading research group.

*John Barrett joined Griswold Company at the NYSE as a floor broker. Barrett was previously with Goldman Sachs at the NYSE.

*Nicole Tuttle joined as director of sales for Pipeline Trading Systems. She is based in San Francisco. Previously, Tuttle was Liquidnet's head of sales for the western region. Tuttle will report to Andrew Howell, Pipeline's managing director of sales.

*Donald Abbamonte joined the Arthur J. Gross floor brokerage at the NYSE as a broker. Abbamonte was most recently with BNY Brokerage.