Star commodity trader and gnarly surfer, Todd Edgar, is once again making waves in the financial world. Edgar and his team of fellow proprietary traders are leaving Barclays Capital after being poached from a rival firm to start a new hedge fund, BusinessInsider reports.
The details for why he's leaving the bank are unclear, but Barclay's can't be too pleased by this move.
Edgar first came to BarCap in 2009 after he and his team were poached from JPMorgan. BarCap reportedly paid Edgar and his team a $50 million cash and shares package.
This caused JPMorgan to complain to the Financial Services Authority.
Not surprisingly, JPMorgan was not happy about Edgar being poached. One reason being that in 2008 Edgar reportedly brought in $100 million profit for the bank single-handedly...
There’s more…Read all about it at http://www.businessinsider.com/todd-edgar-2011-8
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