A former hedge fund manager is accusing Goldman Sachs of illicitly managing his short positions as the market was melting down in 2008, causing his $1.5 billion firm to go under, the New York Times' Gretchen Morgenson reports.
As a result, the manager, Marc Cohodes, has turned to raising chickens on a farm in Northern California.
Cohodes recently testified in another Goldman lawsuit unrelated to the closing of his firm, Copper River Fund, that he believed the investment bank never borrowed the shares needed to perform a stock short.
Read more: http://www.businessinsider.com/former-hedge-fund-manager-accusing-goldman-sachs-of-forcing-him-into-chicken-farming-2012-3#ixzz1qEpF1KsV
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