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Phil Albinus
Phil Albinus
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Top Quotes of the Week

It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.
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4. Music Cue: Sad Trombone

When Goldman Sachs began winding down its proprietary trading operation with the Volcker Rule on the horizon, its star traders Pierre-Henri Flamand and Morgan Sze left the firm to start hedge funds. Their departures generated a fair share of attention from the media, and investors reportedly couldn't deliver their money to the upstart hedge funds fast enough.

— Justin Grant's piece "Hedge Funds Started By Ex-Goldman Traders Stumble Out of the Gate."

Source: Advanced Trading

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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