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Buyside's Murphy Takes First Union Trading Post

Traders Magazine, January 2000

Staff Reports

Mike Murphy, head trader at Kerns Capital Management, a buy-side firm in New York, is returning to his roots on the sellside. Murphy was named director of equity trading at First Union Securities' Baltimore office. The appointment is effective Feb 15.

"This is the toughest decision I ever made in my business life," Murphy said. "People at Kerns are terrific, but going to First Union is a great opportunity. I am working at a firm that's positioning itself to be a stronger force in the institutional business." Kerns has $1.7 billion in assets under management.

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