Goldman Isn't the Only Firm Thriving
As the public focuses on the lucky bankers at Goldman Sachs who are on track to make more money than ever this year, let's not forget about hedge fund managers. They're doing pretty well, too, you know! According to a new report by Hedge Fund Research, the average fund was up more than nine percent during the quarter, the best quarterly return since the fourth quarter of 1999. So if you see a cocky finance type out and about and he's buying bottles of champagne like the last year never happened—or waving a wad of cash—he could work at Goldman. But he could just as well be employed by a hedge fund. It still remains highly unlikely, however, that he works at Citigroup. [Dealbook]