Thursday, 24 July 2014
Last updated 8 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…