Sentence examples for proprietary desk from inspiring English sources

But the warning call to Farallon from Goldman's proprietary desk indicated to Mr. Cohodes that the Wall Street firm was front-running Copper River, he said.

The bank's principal strategies group, a proprietary desk whose alumni include former Treasury Secretary Robert E. Rubin, teamed up with the private equity firm Kohlberg Kravis Roberts.

JPMorgan Chase moved its proprietary desk out of its investment bank and into its asset management unit last year, and Morgan Stanley has said it will spin its proprietary operation into a separate entity later this year.

A spokeswoman for the bank said that a team of "around six traders" from the proprietary desk was responsible for the trades, and they no longer worked for the bank.

Farallon's chief financial officer had told Copper River that an unnamed trader on Goldman's proprietary desk had warned him not to take the hedge fund's positions because it would "be out of business in a couple of days anyway," the deposition said.

In separate papers, Andrew W. Lo, a professor of finance at the Massachusetts Institute of Technology who just sold his hedge fund, AlphaSimplex, and Clifford S. Asness, the founder of AQR, a $37 billion hedge fund, conclude that the market craziness started when a large multistrategy fund or a proprietary desk suddenly started to dump its positions in early August.

The company already closed its global credit strategies proprietary desks in Asia and Europe.

In that case, Mr. Lachman said, the bonds were "concentrated in a bunch of hedge funds or proprietary desks at New York banks that were highly leveraged".

Citigroup cci shed 1 1/8 to 45; Chase Manhattan cmb lost 2 11/16 to 58 5/16; and American Express axp saw its share drop 2 5/16 to 95. "Theres a great deal of uncertainty in the market about whats on their books for the next quarter, especially in light of potential losses from trading on their proprietary desks and hedge funds," says Bill Meehan, chief market analyst at Cantor Fitzgerald.

Over time, the lucrative practice was moved to the "proprietary" desks.

A fact Goldman can conveniently deny as their proprietary trading desk effectively has nothing to do with their mortgage backed securities desk (a convenient fact that most of Wall Street doesn't want Main Street to know).