Sunday, 29 November 2015
Last updated 1 day ago
Aug 1 2013 | 10:11am ET
Goldman Sachs doesn't sound at all worried about continuing to work with the indicted SAC Capital Advisors.
The bank's second-in-command, President Gary Cohn, yesterday lauded the hedge fund, which is accused of insider-trading. "They're an important client to us," he told CNBC. "They have been an important client to us. We continue to trade with them, and they're a great counterparty."
SAC is among Goldman's largest trading clients.
Goldman is the first bank to speak out publicly about SAC's predicament. In the wake of last week's criminal charges, there was speculation that some of SAC's banks might shy away from the hedge fund. But none have yet: In addition to Goldman, Bank of America, JPMorgan Chase and Morgan Stanley all continue to trade with SAC, Bloomberg News reports.
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…