WSJ: Goldman Hires Amaranth Team As the Street Woos Hedge Funds

Posted on December 9, 2006
Filed Under Business tutorials, Economic/Business news |

In another sign of Wall Street’s intense interest in hedge funds, brokerage firm Goldman Sachs Group Inc. is hiring 17 members of the team that traded credit for the now-defunct Amaranth Advisors LLC, according to people familiar with the matter.

The group will become part of the alternative-asset-management business at Goldman Sachs Asset Management, which houses the Wall Street firm’s hedge-fund investments and has $139 billion of its $629 billion in total assets under …

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