December 11, 2006
Goldman Sachs Takes Amaranth Traders Onboard
I really don’t know why I’m still tracking Amaranth… probably it’s some kind of morbid fascination. Well, the latest I heard was that Goldman Sachs is reportedly hiring a team of 17 traders from Amaranth Advisors to beef up its alternative-investment unit. Thestreet.com reports:
The investment bank wants the group, led by former Amaranth trader Gregg Felton, to develop credit-trading strategies, according to The Wall Street Journal, which reported the hiring, citing people familiar with the matter.
Read more: Goldman Sachs Hires Amaranth Traders
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