Show Me the Money

Just heard another one of our group members is defecting to New York. Two major departures in less than three months, both to major derivatives dealer firms in midtown Manhattan. First, Steven to BNP Paribas and now Mike to Credit Suisse First Boston. Times like these that I realize the derivatives world is comprised of a scant three cities: New York, London, and Tokyo. And that the real money and the bulk of opportunities are in New York. Sad to see Mike go. During a group dinner at Moose's in North Beach, his inebriated and comic attempt to speak Russian, apparently the native language of his maternal grandmother, to Katya, a colleague and daughter of a former Russian diplomat, had us in tears. Dosvidanya Mikhail and spasiba.