Goldman Shacks Up In Ex-Amaranth Digs

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.Goldman Sachs' New DigsGoldman Sachs' New Digs

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…