Exclusive: Goldman Sachs' head U.S. inflation trader put on leave: WSJ
NEW YORK (Reuters) - Goldman Sachs Group Inc has put Josh Schiffrin, its head of U.S. inflation trading, on leave while it reviews certain trades, the Wall Street Journal reported on Wednesday.
Schiffrin was placed on leave in January and its still employed at the firm, the paper said, citing people familiar with the matter. A Goldman spokeswoman declined to comment.
"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 online WSJ article said.
The review of the inflation trades will end shortly and Schiffrin will return to work, a person familiar with the matter told the paper.
(Reporting by Richard Leong; Editing by Bill Rigby)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hunterbrook Capital is short bonds issued by Sammons Financial Group and short Guggenheim Strategic Opportunities Fund
- ICE data shows U.S. mortgage delinquency rate fell in July
- Investigators say hundreds of OpenAI agents hacked Hugging Face and tried to cover their tracks
Create E-mail Alert Related Categories
Forex, Reuters, Trader TalkRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share