Quoting the Crisis06/11/2009
“ I’ve previously written about Goldman’s shift from an investment bank to a hedge fund, but hey at least they’re a VERY VERY profitable hedge fund. That said, with a 98% hit-rate while client orders are also flying about, the argument for front-running makes a lot of sense. „
AlphaNinja: Goldman’s q3 trading revenue down, hit-rate up (GS)
Quote posted at 13:02
