The move comes amid a fierce talent war for inflation traders. Goldman Sachs just lost one of its stars to billionaire Ken Griffin as demand for inflation traders burns up across Wall Street.
Joaquin de Soto, a top inflation trader for Goldman Sachs in London, is heading to Citadel, the $60 billion hedge fund founded by Griffin, according to people familiar with the matter. De Soto's jump is the latest in a number of trading desk defections as Wall Street firms race to make money from rapidly rising consumer prices and the Federal Reserve's effort to curb them. Trading inflation-linked government bonds and derivatives is traditionally considered a niche market.
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