15.04.2011 Opalesque Exclusive: Successful prop desks never die, they move to hedge funds
From Kirsten Bischoff, Opalesque New York:

Forcing proprietary trade desks out of banks has merely meant that the most successful of these teams have either already merged into large, established hedge fund firms, or have launched/are launching their own hedge funds. But while closing proprietary trade desks at banks may reduce the risk for deposit-taking institutions, that risk for the movem

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