Top US investment bank Goldman Sachs is said to be bidding US$4m for the oracle octopus Paul to head its proprietary trading.
Goldman will convert part of its trading floor into a fish tank for Paul and put boxes of different markets, stocks, indices, equities and bonds for Paul to choose from. Hopefully this will translate into a more profitable prop business for them.
Paul will also work closely with Head of Global Strategy and advise him on asset allocation strategy.
Also heard from a reliable source this morning that Merrill Lynch is bidding for Paul to replace their entire research team.
It will be interesting to see where Paul ends up.
Goldman will convert part of its trading floor into a fish tank for Paul and put boxes of different markets, stocks, indices, equities and bonds for Paul to choose from. Hopefully this will translate into a more profitable prop business for them.
Paul will also work closely with Head of Global Strategy and advise him on asset allocation strategy.
Also heard from a reliable source this morning that Merrill Lynch is bidding for Paul to replace their entire research team.
It will be interesting to see where Paul ends up.