Matt Levine, Columnist

Bank Platforms and Hedge-Fund Fees

Also Deutsche Bank's Weltschmerz, teachers' annuities, hedge-fund singers and unicorns wearing ties.

October 31, 2016 at 12:45 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Simon!

This article about Goldman Sachs Group Inc.'s Simon platform is an amusing mix of old and new Wall Street. First the new: Simon, a program for designing and selling structured notes, has a cool-app vibe, and Goldman has given it away to third-party brokerages and opened it up to third-party issuers in a bid to make it a universal platform rather than just a proprietary tool. Also: