Humans who understood what was happening had no desire to buy until they were sure the portfolio insurance traders were through.
Its announcement in early August that it would buy long-term Treasury debt with proceeds from its mortgage-related bond portfolio reassured traders, at least for a while.
Bloomberg LP finds itself in a struggle to define the proper role of the news division in the financial colossus, which makes most of its money by renting terminals to portfolio managers, traders and analysts that give them access to real-time market data, analytics, world news and a trading platform.
As a psychologist and management consultant, I am encouraged to see your linking of psychology and business ("Portfolios Depressed, Traders Seek Therapy," front page, July 7).
After the 1993 World Trade Center bombing, OppenheimerFunds set up an emergency office in New Jersey for some portfolio managers and traders.
It had a huge, highly leveraged portfolio, and other traders appeared to be circling like vultures, trying to profit from Long-Term's distress.
And many of the firm's portfolio managers and traders are staying put for now, in part to collect their year-end bonuses, which often account for the bulk of their pay.
Of 250 industry insiders from dozens of financial companies who responded to questions — traders, portfolio managers, investment bankers, hedge fund professionals, financial analysts, investment advisers, among others — 23 percent said that "they had observed or had firsthand knowledge of wrongdoing in the workplace".
Unlike most hedge funds, which are leanly staffed and typically have one person directing most of the investment decisions, SAC is a sprawling operation, with more than 1,000 employees — portfolio managers, analysts, traders and support staff — in five offices around the world.
TCV's Kimball and General Atlantic's Rene Kern both backed RiskMetrics, a firm that uses software to assess traders' portfolio risk.
- Anyone who arrived late at Galleon's morning meeting of 70 analysts, portfolio managers and traders was fined $25. - Chiesi to Kurland, on whether to call an Akamai executive when they believed Akamai would announce quarterly earnings earlier than expected, "Do you want me to call [the Akamai Executive] up?
