Famous Trading Banks and Traders
Famous proprietary traders have included Steven A. Cohen, Edward Lampert, Daniel Och, and Boaz Weinstein. Some of the investment banks most historically associated with trading was Salomon Brothers and Drexel Burnham Lambert, and currently Goldman Sachs. Nick Leeson took down Barings Bank with unauthorized proprietary positions. Another trader, Brian Hunter, brought down the hedge fund Amaranth Advisors when his massive positions in natural gas futures went bad.
Read more about this topic: Proprietary Trading
Famous quotes containing the words famous, trading and/or banks:
“My generation was ... haunted by Dr. Freud’s psychoanalysis, which ... had become the latest rage among the intelligentsia. I feel sorry for the modern mothers who have not one but a whole swarm of famous psychiatrists to confuse their thinking and spoil their fun by reminding them constantly that love is a dangerous business.”
—Agnes E. Meyer (1887–1970)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)
“The effectiveness of our memory banks is determined not by the total number of facts we take in, but the number we wish to reject.”
—Jon Wynne-Tyson (b. 1924)