Goldman Taps Amaranth Vets To Stem Flagging Performance

Dec 11 2006 | 11:31am 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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of