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Goldman Fined Over Trader Who Hid $8.3bn Position

Goldman Sorry

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Goldman Sachs has been ordered to pay a $1.5m fine to settle CFTC charges that it failed to diligently supervise its employees for several months in late 2007.

John Paulson's Hedge Funds Weather Another Tough Month

John Paulson

November proved another disappointing month for Paulson & Co.'s umbrella fund, Advantage, and its Gold fund, sending the two funds' year-to-date performance down more than 17 percent and nearly 30 percent respectively, according to people who have been briefed on the results.