GFI CEO Gooch Says Hedge Funds Need to Become Market Makers
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Hedge funds will need to take more execution risk in derivative and bond markets as the Volcker rule remakes how banks and their clients trade with one another, said Michael Gooch, chief executive officer of GFI Group Inc.
“Hedge funds will become an important part in market making,” Gooch said in an interview today with Erik Schatzker and Stephanie Ruhle on Bloomberg Television’s “Market Makers.”