When Goldman Sachs reported its 2nd Quarter bond trading revenue had taken a nosedive, the news caught my attention because I had been reviewing the abysmal short term 2016 investment results, which would include bonds, derivatives, currency hedges, etc., of the three largest State of Illinois pension systems and the total negative returns (one eked approximately 2/10 percent). This is not unusual for the Illinois pension funds which either have incompetent short term investment traders or contracted investment firms. But when you see Goldman Sachs under performing, it gets your attention.
The Goldman Sachs loss of bond trading revenue was compounded by large losses in commodities
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