What’s the vampire squid up to now?
The Journal is reporting this afternoon that Goldman Sachs (NYSE: GS) put its head of U.S. inflation trading, Josh Schiffrin, on leave while it reviews certain trades.
“Goldman’s compliance executives are seeking to determine whether Mr. Schiffrin’s desk may have violated the firm’s policies in booking certain inflation trades, in which government bonds and their derivatives are used as hedges,” the article stated.
Schiffrin has been on leave since January, the report stated. The review of the the trades is expected to wrap up soon and the trader can return to work.