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Wall Street jobs grow, defying forecasts

from Crain's New York Business

ProShares, which creates securities traded by hedge fund managers and other sophisticated investors, was finding it difficult to persuade Wall Streeters to work at its headquarters in Bethesda, Md. So, on June 20, it opened its first office in New York. The arrival of outfits like ProShares illustrates how the city's financial sector has remained surprisingly resilient even as big Wall Street banks are issuing pink slips by the thousands. more


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