I've worked in finance for nearly 10 years , was with a bank as an options / futures broker . Sat next to the prop guy and saw what dogdung his job actually was , due to the ridiculous limitations bank PT's are under . Turned me right off , decided there and then that I would only PT for myself .
Number of years later , I did PT for a non Bank co. but end of the day I hated answering to some stupid boss.
* Might also explain why the only chance he has to see a decent P&L report is to keep asking others for theirs... *
Ah , I don't take lesson from wannabe PT's sacked by Goldman sux .
Look at the facts sucker , not 1 Bank fund in IASG's top 40 !!!
Difference = I believe facts , you love your Gsux fantasies .
It's ok I don't care , vive le difference .
mma, I hate to interrupt your weekly rant against Prop traders/hedge fund traders/aliens from mars( or whatever your latest conspiracy theory is) BUT.. Peter Young as you point out was a fund manager. NOT a prop trader. Not a bank trader. But a PM - they are NOT traders. They are investors. For someone who claims to have worked in "finance" you seem to have a fairly poor grasp of what any kind of trader does as vs a portfolio manager.
Hello all ,
Have a look at this - Peter Young ex fund manager for Morgan Grenfell , now serving time for financial fraud .
Was revealed that he was a closet transexual and get this - TRIED TO CUT OFF HIS OWN GENITALS in order to facilitate such .
This is the kind of guy ( one in the middle ) you get if you put your money in Bank funds.
yep, i am real confused by this as well - whilst discussing big funds etc has fuck all to do with trading markets - you do seem to have little or no knowledge of large financial institutions and what they actually do
ironically the type of trading you seem to favour is exactly what the large funds that seek money off private investor tend to promote as well - "the safety of longer term trading", otherwise known as - give us your money and we will piss it away, but we will of course take a nice cut out the front end and a cut of brokerage fees we incur while we are at it!
did you work for the marketing department of a big fund fleecing private investors