Post Profile






The Real Story Behind Goldman's Q2 Trading Loss: How A $100M Gas Bet Went Awry

Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity... ... there was more to the story. The Wall Street Journal has uncovered what really happened: A $100 million bet on regional natural-gas prices gone awry after production problems at a local pipeline sent prices soaring, decimating Goldman’s short position.
read more

share

Related Posts


Goldman FICC Revenue Tumbles 28%, Average Employee Compensation Drops To 3 Year Low

Business & Finance : Zero Hedge

After JPM and Bank of America, the institutional trading persists, and nowhere was it clearer than in the results of the biggest FDIC-insured hedge fund, Goldman Sachs, which moments ago reported Q1 EPS of $1.98, far below the expec...

Which Are The Most Illiquid Assets In The Market Right Now

Business & Finance : Zero Hedge

Following quarters of declining investment bank revenue from sales and trading even at such Fed-backstopped hedge funds as Goldman Sachs, and especially the one-time golden goose, FICC, we hardly need to explain that over the past s...

GOLDMAN SACHS: Here are the 13 VIP stocks that are most popular with hedge funds

Business & Finance : Business Insider: Clusterstock

Despite a challenging market environment for hedge funds, they have returned on average 7% so far in 2017. While that mark has not been good enough to beat the market, they are still on pace for their best return since 2009. In a re...

Goldman Sachs just put Wall Street on alert with 2 words (GS)

Business & Finance : Business Insider: Clusterstock

Goldman Sachs reported second-quarter earnings on Tuesday that beat expectations — but that's not the whole story. Though the firm beat in fixed income, currencies, and commodities, or FICC, trading revenues, which were up 20% from ...

GOLDMAN SACHS: This may not be the big correction that markets have been waiting for

Business & Finance : Business Insider: Clusterstock

A correction seems to be in order for the stock market after a stretch of historically low volatility. But technical analysts at Goldman Sachs say the recent sell-off wasn't the start of one. A decline of about 10% is broadly consid...

Comments


Copyright © 2016 Regator, LLC