Touradji Loses Former Head Commodities Trader

May 10 2012 | 10:33am ET

Touradji Capital Management's former top commodities trader has left the firm, it said today.

Paul Crone quit earlier this year, a Touradji spokesman told Bloomberg News. Crone has returned to London from New York, to spend more time with his family, Bob Zito, the Touradji spokesman, said.

Crone's exit is the latest high-level departure from Touradji, following those of CFO Tom Dwan and chief operating officer Sang Lee. Indeed, even firm founder Paul Touradji step away from day-to-day management of the firm to focus on trading full-time.

Prior to joining Touradji, Crone led industrial metals trading at Investec Bank. He also formerly worked at AIG International Trading.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.