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
4. Music Cue: Sad Trombone
When Goldman Sachs began winding down its proprietary trading operation with the Volcker Rule on the horizon, its star traders Pierre-Henri Flamand and Morgan Sze left the firm to start hedge funds. Their departures generated a fair share of attention from the media, and investors reportedly couldn't deliver their money to the upstart hedge funds fast enough.
— Justin Grant's piece "Hedge Funds Started By Ex-Goldman Traders Stumble Out of the Gate."
Source: Advanced Trading
