Goldman Sachs placed its head of U.S. inflation trading on leave while reviewing whether transactions he oversaw were booked incorrectly, according to a person briefed on the situation.
Josh Schiffrin went on leave in January and is likely to return once the firm finishes examining the positions, probably soon, the person said, asking not to be identified discussing personnel matters. The review began after some trades appeared to be booked using methods that didn’t comply with company policy, the person said, reports Bloomberg.
A trader who worked with Schiffrin, Igor Cashyn, has resigned, the person said, without indicating the reason.
Inflation traders buy and sell bonds linked to inflation, such as Treasury Inflation-Protected Securities, and other derivatives such as options.