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