5/27/2023 0 Comments Galleon groupHe was what’s known on the street as a “BSD.” (See Liar’s Poker by Michael Lewis or ask any Wall Street trader for the long form of this acronym). And that’s where Buff became friendly with the infamous David Slaine, a former Galleon trader turned FBI informant. Every day after the close, there was plenty of interdepartmental mingling at a nearby midtown Manhattan watering hole, Cité. Private Client Services was known for having “top-tier talent” within its administrative ranks. He admits in the book that he was at his best “with a glass in his hand.” Duff was a good guy, a social guy, a fun guy. The market was rallying-remember?ĭuff overcame his lack of Ivy League pedigree and bypassed the nepotism to become a star. These were heady times during the Clinton administration. He started as a sales assistant in PCS-he was in the right place at the right time. As we learn in The Buy Side, Duff’s knowledge of the current story line of Melrose Place, as well as his gift of gab, got him entrance into the private club. Like me, Duff managed to squeeze into Morgan Stanley’s Private Client Services Group (aka high-net-worth) via the side door. (Full disclosure: Duff and I were once colleagues at Morgan Stanley in the ‘90s.) The Buy Side hit so close to home that I chose to review it here. I usually don’t review books, but new in hardcover is The Buy Side, written by former Galleon Group hedge fund trader Turney Duff.
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