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An obscure corner of Wall Street is making billions trading inflation

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Published Tue, Feb 22, 2022 · 09:50 PM

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MOST of the world hates inflation. For Nikhil Choraria and a small band of traders, it's an opportunity.

The Goldman Sachs Group Inc partner is a leading practitioner of the obscure art of inflation trading, a niche business that's exploded - very lucratively - for some of the world's major banks and hedge funds.

Choraria, 38 and based in London, orchestrates often-complex transactions designed to profit from gyrations in inflation.

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