We've noted that a big exodus is underway: More bankers are leaving the bulge bracket firms and heading to boutiques, which has led some banks to shoot to repay their TARP funds as soon as possible. The same holds true for traders. Reuters reports that more commodities traders are leaving the likes of Goldman Sachs and Morgan Stanley to join start up hedge funds and small investment banks.

The sense is that there is money to be made right now as metals, energy and other commodities prove volatile. Kevin McNamara, executive director of energy at Goldman Sachs, and Near Shear, former co-head of institutional sales and trading at Morgan Stanley, have both left their firms. Obviously, people sense they can make more money at smaller banks or firms that are less shackled by government restrictions. We'll have to see how the new regulations affect the business. 

For more:
- here's the article

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