Credit Suisse commodity star quits to set up hedge fund after Obama reforms

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL whatsapp whatsapp A TOP Credit Suisse commodity trader is leaving the bank, along with a team of proprietary traders, to set up a hedge fund backed by $150m (£95m) from private investment firm Blackstone Group, The move by George “Beau” Taylor, a rainmaker renowned for making big bets on energy markets at a series of Wall Street firms, is the latest response to the Obama administration’s decision to crack down on so-called “speculative” trading.Eight people will be leaving the bank, including Taylor, the global head of commodities arbitrage trading, and Trevor Woods, head of energy arbitrage trading.Credit Suisse and Blackstone declined to comment on the moves.Investment banks like Credit Suisse with proprietary trading desks are taking a hard look at their trading businesses and whether they comply with the so-called Volcker rule, part of financial reforms designed to rein in banks from making risky bets with their own capital. Sharecenter_img Credit Suisse commodity star quits to set up hedge fund after Obama reforms More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content Show Comments ▼ Thursday 23 September 2010 7:51 pmlast_img

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