Goldman Trader makes $100m profit for the firm
http://www.wsj.com/articles/how-one-goldman-sachs…
"“It goes against everything we’ve been seeing the last three years,” Thomas Hearden, senior trader at hedge-fund firm Skylands Capital LLC, said when he was told about Mr. Malafronte’s trades.
Mr. Malafronte’s trades were a rare positive during a tough stretch for Goldman’s securities business."
Lets discuss
Anyone have a TL:DR for the article?? Need to be subscriber to read the piece.
To get around WSJ paywall, google the full article name and click on the first link.
^^ GS HY trader bought a bunch of bonds, flipped them after oil/other indicators were released, made bank. People arguing over whether it was market making or prop.
Cumque tempora saepe beatae. Aliquid aut nostrum amet porro quia sed nulla est. Dolores repudiandae quia sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...