Wall Street Legend Dies At 107

Sad to report the death of a true Wall Street legend - Roy Neuberger, a founder of US money management firm Neuberger Berman, who passed away on Christmas Eve at the ripe old age of 107.

In the meantime, The New York Post reports that Charles Schwab, another Wall Street legend, has undergone a successful heart valve replacement operation. Schwab is a youthful 73.

And Brian Kuritzky, the Goldman staffer who successfully completed the Great Floridian triathlon earlier this year without any training preparation (and he still finished the event in 15 hours, 30 minutes and 26 seconds, raising over $300,000 in the process), is now planning two further charity-raising events - a Ping Pong tournament in January at Spin NYC, and the Empire State Building Stair Run in February. Good luck to him.

The New York Times DealBook column reports that Ken Griffin, the founder of hedge fund Citadel Investment Group, has written to investors to detail the four main lessons he has learned over the 20 years since the firm was founded.

They are:

Hire the best people

Take calculated risks

Embrace opportunities

Never lose sight of what is important

Finally, The New York Post reports that hedge fund Galleon Group founder Raj Rajaratnam is said to have a $30m 'war chest' available to fight US insider trading charges. The trial is scheduled for next year.

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