The idea, according to a former Lehman trader familiar with Freedom, was to temporarily reduce the size of Lehman's balance sheet.
Mr. Markovitz, a graduate of Vassar College and Columbia Business School, was "one of the big producers" at Millennium, according to a trader familiar with the fund's workings.
Captain Francis Light, a trader familiar with the East Indies, negotiated an agreement in which the sultan, who was surrounded by powerful adversaries, received a share of the trade profits and a defensive military alliance in exchange for Penang.
Even among traders more familiar with interest-rate swaps or currency hedges than energy contracts, Mr. Skilling's presentation did not disappoint.
That was pretty easy to pull off because both ICE and its traders were already very familiar with commodity futures.
He will take with him two analysts and a trader, according to people familiar with the fund.
REUTERS Interest Rate Investigation Said to Focus on Several Traders | Officials in Europe, Japan and the United States investigating whether banks colluded to manipulate important borrowing rates have zeroed in on a small number of traders, The Wall Street Journal reports, citing unidentified people familiar with the situation.
These traders will be hired through the end of this year; about half of these traders have been hired already, according to a person familiar with the hiring.
"More than a handful of traders at different banks are involved," said the source familiar with the investigation by European regulators.
4. Citigroup plans to keep its bonus pool for traders and bankers unchanged from last year, Bloomberg reported, citing people familiar with the matter.
