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.
April 13, 2012
2. Broken Broker Trust
There's always been knowledge that some of the broker-dealers don’t have the investor's best interest at heart. I’ve had some individuals in my office say that they take advantage of client flow for proprietary trading.
— Arun Kaul, managing principal and chief investment officer, Olympian Capital Management
Source: Advanced Trading. Stay tuned for the May 2012 digital edition of Advanced Trading.
