Short On Goldman Deal Kept Quiet, Tourre Jury Told

Law360, New York (July 22, 2013, 8:03 PM EDT) -- A company that helped structure Goldman Sachs Group Inc.’s Abacus transaction had no idea a major player in the deal shorted it, jurors heard Monday as a fraud trial continued against Goldman’s Fabrice Tourre over the allegedly built-to-fail deal.

ACA Capital Holdings, whose subsidiary ACA Management LLC selected a portfolio of residential mortgage-backed securities to be bundled in Abacus, always thought hedge fund Paulson & Co. had taken a long position in the transaction, former CEO Alan Roseman testified.

Goldman helped structure and market Abacus, a...
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