Enter multiple symbols separated by commas

Volcker Rule Driving Talent to Hedge Funds: Daniel Stern

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.


  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

Wall Street