Category: Goldman Sachs

Head of Goldman Sachs Inflation Trading Placed on Leave

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.

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