Magos
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What happens if you don't?
Regulated UK Forex Brokers
- Thread starter The May Fly
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What happens if you don't?
jeffreyc01
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of course nobody can guarantee any return above 10-20%,o/w actually u wont believe that. just base on my current strategy's past 12-trading-month's return(actually it was around 150% if compounded monthly), but i can say if i lose money i just owe u 30% of the loss(what else can i do?) if i can share 30% of the profit,the same as 40%-40%,50%-50% up up up until the limit u set,of course the min is 30%,if u just want me to share the profit under 30% then i wont take any loss if that happens.
Magos
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If you can guarantee such returns you should be working for GLG.
I think they are hiring.
according to FT
Goldman star defects to GLG
By James Mackintosh in London and Henny Sender in New York
Published: July 6 2008 23:26 | Last updated: July 6 2008 23:26
One of Goldman Sachs’ top traders is leaving to join GLG Partners, London’s second biggest hedge fund, amid a wave of defections from the City to Mayfair-based fund managers.
The arrival of Driss Ben-Brahim, a partner and head of the emerging markets trading business at Goldman, will give New York-listed GLG a boost as its current star trader, Greg Coffey, is due to leave in October.
EDITOR’S CHOICE
GLG in red as outflows rise - Aug-06GLG replaces Coffey with Morgan Stanley pair - Jul-09Star fund manager to quit GLG - Apr-22GLG suffers as star trader debates his future - Apr-16GLG scrambles to hold on to star fund manager - Apr-15GLG holds talks to buy Tisbury - Mar-06Mr Ben-Brahim is one of the highest-profile hires by a hedge fund, as bank traders at his level typically choose to launch their own firms rather than join an existing fund. Indeed, former colleague Mark McGoldrick, Goldman’s ex-head of distressed and special situations investing in Asia, is expected to raise several billion dollars for a new hedge fund he is preparing.
But at GLG, which manages $24bn (£12bn), Mr Ben-Brahim will get a running start, taking the reins of the $1.2bn emerging markets special situations fund that is now run by Mr Coffey, according to people close to the hedge fund.
He will also develop a global macro business, betting on themes in the global economy, and specialist vehicles for sovereign wealth funds.
GLG has close relations with several sovereign wealth funds in the Middle East and has an investment from Dubai-based Istithmar.
His arrival – expected in the autumn – will boost GLG after concerns about the loss of assets when Mr Coffey leaves to launch his own rival fund. GLG has imposed a “gate” limiting withdrawals from Mr Coffey’s main $4.6bn fund until he leaves, when investors will be able to withdraw money not invested in hard-to-sell assets. GLG is still looking for a manager to take over that fund.
The hire of Mr Ben-Brahim represents a return for GLG to mainstream global macro investing more than two years after it shut its underperforming macro fund.
Mr Coffey – a fast-paced trader known to trade futures even while putting his children to bed – has a focus on emerging markets. Mr Ben-Brahim’s style is more purely strategic, according to people who know him.
Some of the world’s top hedge funds were founded by traders who made their name at Goldman, including GLG, Eric Mindich’s Eton Park, Daniel Och’s Och-Ziff, Edward Lampert’s ESL Investments and TPG-Axon.
While Goldman pays its traders generously, the rewards for a successful hedge fund manager can run into billions of dollars.
Mr Coffey is giving up shares and bonuses worth $250m to escape his contract, according to people familiar with the terms.
Goldman has responded to its traders’ desires to run their own funds by launching in-house hedge funds, with its most recent launch the industry’s biggest-ever at $7bn. Ranaan Agus and Kenneth Eberts moved from running the bank’s own money on its proprietary trading desks to create GS Investment Partners, the new fund.
However, not all former Goldman traders thrive when they leave the bank. Geoff Grant co-founded London’s Peloton Partners after leaving as co-head of foreign exchange trading in 2004 – he was replaced in the bank by Mr Ben-Brahim – and the fund spectacularly blew up earlier this year, losing investors $2bn in a day. Mr Grant is now raising money for a new hedge fund.
Mr Ben-Brahim, who is half-Moroccan, half-Austrian and was educated in France, has been a partner at Goldman for four years. He has previously run the London global macro prop trading desk, complex derivatives and currency trading.
Goldman and GLG declined to comment.
I think they are hiring.
according to FT
Goldman star defects to GLG
By James Mackintosh in London and Henny Sender in New York
Published: July 6 2008 23:26 | Last updated: July 6 2008 23:26
One of Goldman Sachs’ top traders is leaving to join GLG Partners, London’s second biggest hedge fund, amid a wave of defections from the City to Mayfair-based fund managers.
The arrival of Driss Ben-Brahim, a partner and head of the emerging markets trading business at Goldman, will give New York-listed GLG a boost as its current star trader, Greg Coffey, is due to leave in October.
EDITOR’S CHOICE
GLG in red as outflows rise - Aug-06GLG replaces Coffey with Morgan Stanley pair - Jul-09Star fund manager to quit GLG - Apr-22GLG suffers as star trader debates his future - Apr-16GLG scrambles to hold on to star fund manager - Apr-15GLG holds talks to buy Tisbury - Mar-06Mr Ben-Brahim is one of the highest-profile hires by a hedge fund, as bank traders at his level typically choose to launch their own firms rather than join an existing fund. Indeed, former colleague Mark McGoldrick, Goldman’s ex-head of distressed and special situations investing in Asia, is expected to raise several billion dollars for a new hedge fund he is preparing.
But at GLG, which manages $24bn (£12bn), Mr Ben-Brahim will get a running start, taking the reins of the $1.2bn emerging markets special situations fund that is now run by Mr Coffey, according to people close to the hedge fund.
He will also develop a global macro business, betting on themes in the global economy, and specialist vehicles for sovereign wealth funds.
GLG has close relations with several sovereign wealth funds in the Middle East and has an investment from Dubai-based Istithmar.
His arrival – expected in the autumn – will boost GLG after concerns about the loss of assets when Mr Coffey leaves to launch his own rival fund. GLG has imposed a “gate” limiting withdrawals from Mr Coffey’s main $4.6bn fund until he leaves, when investors will be able to withdraw money not invested in hard-to-sell assets. GLG is still looking for a manager to take over that fund.
The hire of Mr Ben-Brahim represents a return for GLG to mainstream global macro investing more than two years after it shut its underperforming macro fund.
Mr Coffey – a fast-paced trader known to trade futures even while putting his children to bed – has a focus on emerging markets. Mr Ben-Brahim’s style is more purely strategic, according to people who know him.
Some of the world’s top hedge funds were founded by traders who made their name at Goldman, including GLG, Eric Mindich’s Eton Park, Daniel Och’s Och-Ziff, Edward Lampert’s ESL Investments and TPG-Axon.
While Goldman pays its traders generously, the rewards for a successful hedge fund manager can run into billions of dollars.
Mr Coffey is giving up shares and bonuses worth $250m to escape his contract, according to people familiar with the terms.
Goldman has responded to its traders’ desires to run their own funds by launching in-house hedge funds, with its most recent launch the industry’s biggest-ever at $7bn. Ranaan Agus and Kenneth Eberts moved from running the bank’s own money on its proprietary trading desks to create GS Investment Partners, the new fund.
However, not all former Goldman traders thrive when they leave the bank. Geoff Grant co-founded London’s Peloton Partners after leaving as co-head of foreign exchange trading in 2004 – he was replaced in the bank by Mr Ben-Brahim – and the fund spectacularly blew up earlier this year, losing investors $2bn in a day. Mr Grant is now raising money for a new hedge fund.
Mr Ben-Brahim, who is half-Moroccan, half-Austrian and was educated in France, has been a partner at Goldman for four years. He has previously run the London global macro prop trading desk, complex derivatives and currency trading.
Goldman and GLG declined to comment.
I had only a demo account with Saxobank, and wanted to go live but stopped for a while. Some people here say that had bad exp with them... How was yours? Thanks.
Magos
Established member
- Messages
- 911
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- 24
if you check my profile you can see what I prefer in which... saxo are alright but not the best though... you are got that right
Thanks Magos, I'll check your proofile.
