Remove Benchmarking Remove Credit Risk Remove Sales Remove Valuation
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Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

I did an internship in the summer at Citibank Securities in fixed income sales and trading. But the reason I went to Merrill is because they had this unique global debt rotation program that allowed you to rotate through a couple different business units in fixed income, sales and trading. They create the benchmark.

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Transcript: Rick Rieder

Barry Ritholtz

And then somebody convinced me to go into sales and trading, and I decided to do that. And because remember, Lehman had the Lehman Agg and that was the benchmark. There is above benchmark returns to be generated by active selection of credit quality duration and specific bonds. And you know, I love markets.