Fund Ties Absent From Goldman Marketing, Tourre Jury Hears

Law360, New York (July 18, 2013, 6:38 PM EDT) -- Marketing materials for Goldman Sachs Group Inc.’s Abacus product made no mention of a hedge fund’s involvement in structuring it, a senior Goldman director told jurors Thursday as the trial of trader Fabrice Tourre continued on allegations he helped the fund build Abacus to fail.

Jonathan Egol, a Goldman managing director, said he saw no mention of Paulson & Co. Inc.’s role in picking the residential mortgage backed securities that went into Abacus 2007-AC1, a synthetic collateralized debt obligation that closed in 2007.

The U.S. Securities...
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