An obscure corner of Wall Street is making billions trading inflation
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.