The Most Money One Trader Ever Made On A Single Trade | Exploring Markets

The Most Money One Trader Ever Made On A Single Trade

James Levin is a 31-year-old hedge fund trader. Last year he made $119 million. On a single bet, too:
"James Levin, of Och-Ziff Capital Management made a wager in 2012 of more than $7.5 billion on "structured credit" debt investments. That amount represented about a quarter of the money the firm managed when the investments were made. 
The bet paid off. 
Mr. Levin's group scored 2012 gains of nearly $2 billion, or about 25%, before fees—likely making it one of the top trades on Wall Street last year. The credit team, with 14 members, accounted for more than half of the 468-person firm's $3.4 billion trading gains last year, according to people close to the situation."
See the original source: Meet the young trader who just made billions for his firm and millions for himself by Gregory Zuckerman