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’So long, Global Alpha
The WSJ has got hold of a letter from Goldman Sachs to its clients and reports the news that the bank plans to shutter its famed quant fund because of investor redemptions:
Goldman Sachs Group Inc. will close its Global Alpha Fund hedge fund by the end of October,
Goldman’s history lesson on oil releases
Exchange or sale?
That’s the question the Goldman Sachs commodities research group is waiting for the US to answer before making a call on how today’s IEA announcement will ultimately affect oil prices through next year.
Goldman: psst… we’re to be subpoenaed
An old boss of ours used to stress the benefits of being “proactively reactive”, jargon we never fully understood until we read this story in Friday’s WSJ:
Goldman Braces for Federal Subpoenas
Goldman Sachs Group Inc.
Investment bank revisionism, Wiki edition
Felix Salmon points us in the direction of a new feature for Wikipedia, the user-generated online encyclopedia.
WikiDashboard, created by Silicon Valley’s Palo Alto Research Center, “aims to reveal much of the normally hidden back-and-forth behind Wikipedia’s most controversial pages.”
Goldman oil bulls are back
Right, so it’s not exactly $200 a barrel but it is “a swift and violent rebound.”
Goldman’s Jeffrey Currie is quoted at a London commodities conference on Monday:
Jan. 19 (Bloomberg) — Goldman Sachs Group Inc.
$30 per barrel by Feb say Goldman
Goldman Sachs energy analysts Arjun Murti on the equities side and Jeff Currie on commodities have just presented their thoughts for the market in 2009 — a follow up to their outlook published earlier last month.
Lets get physical, physical
FT Alphaville has already noted the latest view on the oil markets by the Goldman energy equity team. But also out is the 2009 outlook from its commodity team, led by Jeffrey Currie.
The overall theme goes “from demand destruction to supply destruction”
Murti’s back, and he sees a bottom in crude
Arjun Murti, formerly the world’s most bullish energy equity analyst, is back.
This time he is cutting the Goldman team’s 2009 WTI oil forecast one more time to an average of $45/bbl from $75/bbl (versus an original $200/bbl).
Goldman considers ‘all options’
Having graciously bowed out of its previous oil call, Goldman is back. Back with an awe inspiring cross-asset call. So desperate are they to present a money-making recommendation, they’ve even named the research note “Considering all options”.
It’s official, Goldman capitulates on oil
Goldman’s latest commodities note is out, and this is all you need to know:
Closing our oil trading recommendations
Although we have emphasized in the past few weeks that continued weak oil demand exacerbated by constrained credit conditions will contribute to soften near-term fundamentals keeping WTI prices,
Hollowing out, Tokyo-style (1)
There is a creeping feeling of unease taking root in Tokyo’s investment banking and hedge fund circles, punctuated at increasingly regular intervals with the false bonhomie and back-slapping of farewell bashes for departing staff.