
DrKB Shapes Proprietary Team To Emulate Hedge Fund Sector
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LONDON--Dresdner Kleinwort Benson (DrKB) has introduced a performance-related bonus package for its proprietary team, which reflects the risk-adjusted performance of an individual trader's strategy, says Lauwerus van Eesteren, manager of proprietary trading in London.
The model uses an annualized Sharpe ratio as a performance benchmark and traders receive a percentage of desk profits.
DrKB's move reflects the industry trend towards performance-related pay in the FX spot and forward markets
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