Lunchtime Links: It is still possible to retire in your late 20s
Lloyd Blankfein may be contrite and humble and calling for all kinds of compensation deferrals, but that doesn't mean everyone in finance is similarly constrained. As last month's Alpha Magazine survey amply illustrated, some hedge fund managers are still doing very well. Now it emerges that someone in a hedge fund has retired long before his dotage.
The head of risk controls at hedge fund Marshall Wace is retiring aged 28 according to the Wall Street Journal. The retiree, Wasim Rehman, is off to fulfill his desire to do something , but will hang around as a consultant to the firm.
See Lloyd speaking (Wall Street Journal).
Regulate the hedge funds! Fix the compensation! Get these crazy hos off the stage! (Dealbreaker)
Lloyd is not keen on the restrictions on non-US workers at TARP banks. (FT)
Goldman lost $926m on credit trading last year. (CNN)
More Merrill departures. (Bloomberg)
Is this Ken Lewis's replacement? (Business Insider)
Meredith Whitney - don't fire Ken Lewis! (Business Insider)
Citigroup reshuffles EMEA capital markets. (Financial News)
The US banking system's terrifying balance sheet. (Felix Salmon)
Wall St. bankers flocking to work for the government. (Bloomberg)
As regards the financial sector, we are not too far - probably less than a year - from the beginning of the end.... (Maverecon)
Evolution plunges into the red. (Evening Standard)
Unicredit plans to link bonuses to multi-year performance. (Bloomberg)
Time to become a debt collector. (Guardian)
