Thursday, 23 October 2014
Last updated 43 min ago
Apr 11 2007 | 9:05am ET
If nothing else, Goldman Sachs is proving it is not superstitious.
After a year in which its flagship hedge fund was battered and it lost its spot as the world’s largest hedge fund manager, the Wall Street giant has inked a deal to take over Amaranth Advisor’s Greenwich, Conn., lease.
The deal ensures that the owner of the Greenwich American Centre, Tishman Speyer, will not suffer as Amaranth investors have: It won’t lose even a month’s payment as a result of the debacle, in which Amaranth lost some $6 billion in just a week due to natural gas trades gone bad.
Amaranth’s optimistic lease at the office building, located at 1 American Lane in North Greenwich, just over the state line from New York, was supposed to last until 2015. Goldman will occupy about 124,000 feet, according to CoStar Realty Information, amounting to about a quarter of the building.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...