Buyside Traders Clash on Soft Dollars
Traders Magazine, October 2004
Buyside firms could get squeezed if soft-dollars services are finally torpedoed by the regulators. That's the view of buysider Cheryl Cargie, the head trader at Ariel Capital Management. Cargie says small buyside shops like hers still need soft dollars - to "level the playing field" with larger outfits such as American Century. Cargie, speaking on a panel at the STA annual conference in Boca Raton, defended certain soft-dollar practices. American Century was represented on the STA panel by head trader John Wheeler.
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