Thursday, April 25, 2013

People: Fabrice Tourre - From 'Fabulous Fab' to Grad Student

According to the WSJ Fabrice Tourre is trying to get on with his life.  Since he first emerged three years ago as the Goldman Sachs Group Inc. GS +0.58% employee at the center of one of the most bruising regulatory battles in the firm's history, Mr. Tourre has settled into the cloistered world of academia. He is pursuing a doctorate in economics at the University of Chicago and working as a teaching assistant.

The SEC sued Goldman and Mr. Tourre, then a vice president, in April 2010, alleging they misled investors on a collateralized-debt obligation called Abacus 2007-AC1 that produced big losses for investors and big gains for hedge-fund firm Paulson & Co.  Mr. Tourre's emails formed a central part of the regulator's case and created a sensation on Wall Street. The messages disclosed both a sense of humor—in one email, he refers to himself as "the fabulous Fab"—and a keen awareness of the looming crisis….

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