With so many Wall Street investment banking powerhouses and hedge funds closing, and regulators pressuring them to rein in risk, many of these executives are returning to the game, setting up, you guessed it, hedge funds, Reuters reports.
Theres a huge resurgence of new start-ups, reported Jayesh Punater, chief executive of
Many of the proprietary traders and investment managers are large, sell-side shopsfirms that no longer have an appetite running a balance sheetare leaving, setting up their own shops, Punater said.
According to