Heard someone was long too much XIV or similar in the vol blowup. Sounds like they survived as a firm, not sure about cutbacks.
zdreg, there's no link, just word on the street. I was hoping someone would know more than the rumors I'd heard of 70%+ capital haircuts, but I guess we can pull their FOCUS report when it gets filed . They had 33 mill in capital on the last one. It's about now they are wishing they'd paid me the $1 million/ per year I'm asking to be risk manager at a prop firm. It takes a lot of knowledge to understand the risk some people are taking. It's not always apparent. (People who can't trade manage risk for those who can)