who's tearing it up in this market?
What desks are raking it in, what desks are hurting, and what desks are relatively unaffected by the volatility and/or downward pressure on the equity markets, the dollar, and the intensification of the credit problem? Obviously there's a short side to every long, so I'd be interested to learn who's able to profit most from such turmoil - individual, ballsy traders? or certain groups in general?
Tech, Energy, and Emerging Markets have been crushing and obviously anyone else with sub-prime exposure is taking a beating
We have made a bit of money in merger arb deals, identifying takeover targets (i.e. SMF and URGI) and MRO (marathon Oil)
this isnt a recommendation to buy or sell...
Commodities has been mostly unaffected by the recent turmoil, and is doing very, very well.
Rates has actually benefited from credit cruch, to a degree.
Equity Derivatives continues to do very, very well.
Skins. Are equity derivatives just benefiting from the need/desire to hedge equity risk, or is the rise in equity derivatives something you see getting stronger and stronger in the coming years?
hey skins, can you elaborate for rates? although you're in commodities, i'd be glad if you could share some insights about bonuses, prospects, etc compared with other sectors...
As far as comp and such, my impression has been that you can do very well in Rates, just as you can most areas in the bank, if you're focusing on derivatives and structured products. I think on average the comp will be less than in something like commodities, but that's really only going to affect a small percentage of each desk in any meaningful way.
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