Deutsche Bank’s Boaz Weinstein ponders next move
Radi Khasawneh and Duncan Kerr
19 Jan 2009
As a life master of the United States Chess Federation, Boaz Weinstein is used to thinking several moves ahead. The trader who helped build Deutsche Bank’s credit proprietary trading business will need that skill as he leaves to start a credit hedge fund of his own.
Source: http://www.efinancialnews.com
Chess Daily News from Susan Polgar
Another chess player success.
except that he lost 1.8 billion…
Large part of $1.8bln. was lost because risk people seeing losses didn’t allow him to hedge positions and avoid further losses
Did any risk manager stop Boaz from hedging / tweaking out $12 million from a public employees’ pension fund ? Or is that ok cause he needs it to sponsor some more private chess games 🙂