Thursday, 18 September 2014
Last updated 11 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.