Volcker Rule Driving Talent to Hedge Funds: Daniel Stern
By: 
Eva Serrabassa | Vetta | Getty Images
The Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives (a.k.a., SALT) investor summit.
"I get a call a day from head-hunters looking to place talent," he said.
The Volcker Rule, part of the Dodd-Frank financial reforms, limits proprietary trading by investment banks.
"The best talent is coming to market within the next year," Stern said.
The Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives (a.k.a., SALT) investor summit.
