Editor's Note: Axa gives the "axe" to Goldman Sachs.
This looks like it is the story of the day if not the week. Axa was a major stockholder and as you can see by the headlines below, they have substantially reduced their holdings. This move amid other Wall Street guru's saying GS is still a hot commodity.
What does Axa know that Wall Street is trying to hide? We will follow this as it develops.
What does Axa know that Wall Street is trying to hide? We will follow this as it develops.
Axa cuts stake in Goldman Sachs: documents
AFP
Axa reduces stake in Goldman
Financial Times
AXA Halves Its Goldman Holdings in Quarter
New York Times (blog)
EconomicPolicyJournal.com: Axa Reduces Stake in Goldman Sachs
By Robert Wenzel
Ex-Goldman Execs to Invest in Warehouse Fund
New York Times (blog)Ex-Goldman Executives May Raise $350 Million for Warehouses Fund in India
Bloomberg
Get Briefed: George Walker
Forbes
Prior to working at Neuberger Berman, Walker was a partner at Goldman Sachs ( GS - news - people ) and part of the company's partnership committee
New Trailer Release for "INSIDE JOB"
2 COMMENTS:
"I wonder how many times a flood of lies have been used to discredit one truth?" ... Duane Alan Hahn
HFT's Tyranny Of Stock Markets
Some relevant soundbites: "Unfortunately, high-frequency trader interaction with computerized algorithms of large-cap financial institutions is providing opportunities for high-speed, virtually undetectable market manipulation",
http://tinyurl.com/2bn8jj4
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