Todd Edgar and his colleagues now plan to set up a hedge fund by the end of the year. People close to the situation said it had become untenable for BarCap to employ prop traders in the light of US Dodd-Frank leglislation barring banks from trading on their own account. Star banker Todd Edgar and his team of nearly a dozen fellow commodities traders are to leave Barclays as part of a stream of cuts designed to shed overheads and put the UK bank on target to hit profit targets. Bob Diamond, Bar
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Todd Edgar Leaving Barclays Capital
