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Tuesday, January 08, 2013

Secret Goldman Team Sidesteps Volcker After Blankfein Vow - Bloomberg

Secret Goldman Team Sidesteps Volcker After Blankfein Vow - Bloomberg

That may come as a surprise to people working in a secretive Goldman Sachs group called Multi-Strategy Investing, or MSI. It wagers about $1 billion of the New York-based firm’s own funds on the stocks and bonds of companies, including a mortgage servicer and a cement producer, according to interviews with more than 20 people who worked for and with the group, some as recently as last year. The unit, headed by two 1999 Princeton University classmates, has no clients, the people said. 

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