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... s Gray.
He was my execution trader.
An execution trader, as the name suggests, is a trader who executes orders.
They don’t make decisions on their own but carry out orders given by the PM or CIO.
Their main task is to handle large orders carefully and efficiently so as not to affect the market.
I had once instructed Gray to quietly accumulate a 5% stake in Allergan.
The pharmaceutical company targeted by Ackman.
This was, in the end, the fi ...
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