According to CNBC the hedge fund biz is expected to see a wave of new
launches in the next year by traders who have lost their jobs at investment
banks or who have left in search of better pay.
The start-ups are expected despite the unimpressive performance of other
new ventures and questions about where they will find new capital to finance
them.
New rules banning U.S. banks or those with U.S. subsidiaries
from risky but potentially profitable proprietary trading are also encouraging
some traders to make the move….
More? Check out http://www.cnbc.com/id/49821757
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