15.07.2016 - Goldman Sachs' $5 billion Libya trades: most traders wouldn't see that 'in their lifetime'
An expert witness in the litigation between Goldman Sachs and Libya's sovereign wealth fund said disputed trades of $5 billion were bigger than most traders would see in their careers, making the profits difficult to compare to industry standards. Will Lyons, a former head of equity derivatives trading at Santander who is acting as an expert witness for Goldman Sachs, said: "I regard the size of these trades as very large and very seldom would you see transactions this size in the market," under cross-examination from Roger Masefield, the Libyan Investment Authority's lawyer on Wednesday...............................................Full Article: Source
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