Paris Derivatives Jobs Burn as Market Rues Exotics - Bloomberg
Written by Petter Kolm
“Before the crisis, I thought there was a 90 percent
probability the internship would end with a job,” said Bary,
24, who finished her six-month stint in January structuring
insurance products at the bank’s derivatives unit.
Exotic equity derivatives, typically traded over the
counter, have fallen out of favor with investors concerned about
the risks associated with opaque financial instruments, said
Petter Kolm, deputy director of mathematics in the finance
masters program at New York University.