Goldman Talks CDO Deal With Aggrieved Hedge Fund

Apr 29 2010 | 8:17pm ET

Goldman Sachs is in settlement talks with an Australian hedge fund that collapsed after losing millions on a collateralized debt obligation structured by the Wall Street giant.

Basis Capital Management, whose Yield Alpha Fund filed for bankruptcy three years ago, was burned by a CDO similar to the one at the center of the Securities and Exchange Commission’s fraud case against Goldman.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…