This Billionaire Is Building His Own All Star Trading Team

(Bloomberg) Steven Schonfeld amassed a billion-dollar fortune by seizing on short-term market moves. Sitting in a Park Avenue office dressed in a black hoodie and white sneakers, the 55-year-old former stockbroker described a plan to compound his wealth by finding and funding a new crop of star traders. Schonfeld Group Holdings already has 34 teams managing $7.5 billion of positions and is seeking to get bigger.

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