Tuesday's Headlines: Goldman Sachs to Close Global Macro Prop Trading Desk

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Goldman Sachs is closing its eight-person prop trading desk. [TheStreet.com]

Wall Street firms have doled out bulging pay packages despite the risks, says a study. [Dealbook]

Hedge funds managed by women outperformed the industry average over the past few years. [Financial News]

Man Group is expanding its business in Asia and could hire hedge-fund managers there. [Bloomberg]

Allianz Global Investors is seeking to expand its retirement business. [InvestmentNews]

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