Goldman Taps Amaranth Vets To Stem Flagging Performance

Dec 11 2006 | 10:31am ET

Yes, Goldman Sachs has hired a slew of Amaranth Advisers traders to help boost its waning hedge fund performance. No, none of them is named Brian Hunter.

In fact, none had anything to do with the disastrous natural gas trades made by Hunter that sent Amaranth into oblivion. Nor did any share Hunter’s Calgary, Alberta, office. Instead, in a year in which its flagship Global Alpha Fund has taken a nasty 12% tumble, Goldman Sachs Asset Management has scooped up Gregg Felton’s 17-member debt investment team to set up a credit trading group.

Fixed-income funds are a growing sector of the nearly $2 trillion hedge fund industry. GSAM plans to seed the New York- and Singapore-based trading team’s new fund with its own capital before opening it to outside investors next year.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note