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.
1. Rub The Lamp
If BlackRock is successful, it could potentially form its own consortium of money managers and offer the buy side the opportunity or incentive to own a stake in the venture. Or perhaps this could turn into the BlackRock Exchange.
—Ivy Schmerken on BlackRock's new bond trading platform tentatively called the Aladdin Trading Network
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