On Wall Street, they call Bill Lipschutz the "Sultan of Currencies." He once turned the legendary investment bank Salomon Brothers into the world's largest foreign currency trading operation. Today Lipschutz runs his own hedge fund, which specializes in currencies.
"I still approach the market the same way. I still approach it as a 24/7 market," says Lipschutz. He trades almost constantly, even at home in his apartment in New York's trendy NoHo district, where there are monitors everywhere. Every night, Lipschutz gets up at two or three in the morning to see what is happening on the European markets.
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