Thursday's News: Strong Returns Boost Job Prospects for Goldman's Prop Traders

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Goldman Sachs' hedge fund unit earned a return of three percent this year, beating the industry average, improving prospects for prop traders leaving the firm. [Bloomberg]

Citadel, the $11 billion Chicago-based hedge fund, has opened an office in Boston, hiring three managers there. [Finalternatives]

Keefe, Bruyette & Woods is aggressively courting new equity issues and dealflow in Europe, hiring staff in London, including Nick Triggs as co-head of investment banking for Europe. [Reuters]

A director at RBS said that disclosure of executive compensation has caused pay to rise at the bank as top execs sought to keep pace with competitors. [The Guardian]

President Obama could name a head of the new Consumer Financial Protection Bureau this week, with Harvard law professor Elizabeth Warren a top candidate for the post. [Reuters]

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