Goldman Hires Amaranth Traders as Hedge Fund Stumbles  11/12/2006

Goldman Sachs Group Inc., whose flagship hedge fund declined, hired 17 traders from Amaranth Advisers LLC to expand the firm's investments in debt markets, said a person briefed on the matter.

The team includes 14 credit specialists in New York and three in Singapore and will be led by Gregg Felton, who managed Amaranth's investments in debt markets, said the person, who declined to be identified because Goldman hasn't announced the additions. Some of the traders already started at Goldman.

Amaranth collapsed in September after bad energy bets wiped out 70 percent of its $9.5 billion in assets. New York-based Goldman, the world's largest securities firm by market value, is dedicating more capital to risky strategies after its $10 billion Global Alpha Fund fell 11.6 percent through November and as returns worsen this year across the hedge fund industry...

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GEAB N°65 - Contents

- Published on May 16, 2012 -

Global systemic crisis / Second half of 2012 – Convergence of four explosive factors: Banks-Stock Exchanges-Pensions-Debts
Whilst waiting for Euroland to equip itself, by the end of 2012, with a medium to long term common political, economic and social project, especially following the election of the new French president François Hollande, anticipated many months ago by LEAP/E2020, players will remain prisoners of the short-term reflexes related to the sudden Greek political tremors, the uncertainties over Euroland governance and to the risks in public debts… (page 2)
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Which languages must your child learn to be useful to him in twenty years ? Anticipation of the principal intra-European and world common languages in a 2030 timframe
Beyond its cultural interest LEAP/E2020 has created this anticipation as a tool to aid decision-making, individual (parents for the education of their children) as much as collective (public education institutions, universities, states, international businesses). Individual and joint strategies as regards language teaching are long term processes needing fundamental choices to be made almost a generation in advance… (page 11)
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Strategic and operational recommendations
. Currencies-Gold: Stay on course
. Pensions: Preserving one’s capital
. Stock Exchanges: Last exit before chaos
. Banks: Maximum distrust
. Government bonds: The trap is closing (page 21)
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The GlobalEurometre - Results & Analysis
The majority of respondents believing that their country’s major banks could go bankrupt by the end of 2012 has risen to 66% this month (versus 61% last month)… (page 23)
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