Though he didn't flat out say this, I am thinking that he might have shelved plans to launch his fun and replace it with his merchant bank idea. It sounded initially like he may run both, perhaps it is just the bank though that is public and the fund only holds his personal funds. Thanks for the link, it does appear his trading via the bank has been taking a beating. Though I do know he was talking about raising billions for his fund, if he did that for the bank, losing $100 million isn't that big of a deal, at least when there may be $3 billion or so involved.
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