Due to summer vacations, Goldman made over $100million (in its trading account)per day only 55% of the time, down from 70% in the second quarter.
Lest you worry about them though, they made money 98% of the time versus 97% last quarter. I've previously written about Goldman's shift from an investment bank to a hedge fund, but hey at least they're a VERY VERY profitable hedge fund. That said, with a 98% hit-rate while client orders are also flying about, the argument for front-running makes a lot of sense.

2009 AlphaNinja
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