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26-yr old credit derivatives trader posts 350MM+ loss
...or so the employer (fund) claims.
This story is interesting across several fronts: 1. Same age range as typical reader of this forum 2. Is blamed for 350MM+ loss 3. Occurs at a time when the whole credit-derivative CDO thing is being swept under the rug in the press 4. Interesting tidbits on his life story The Story: Calyon Trader Fired for Losses Says He's No Rogue http://bloomberg.com/apps/news?pid=2...amp;refer=home |
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