Goldman Sachs Hedge Partners Discloses Amaranth Related Losses

I know you've probably heard enough of Amaranth, but I thought this was interesting as it puts some numbers on the exposure of other firms:

In an SEC filing from Goldman Sachs Hedge Partners (NYSE: GS) the firm said, "Amaranth Advisors, an advisor to whom Goldman Sachs Hedge Fund Partners, LLC has indirectly allocated assets, has reported to the Company that it had suffered significant losses in energy-related investments, and that as a result anticipated year-to-date losses of Amaranth might be in excess of 35% of the value of the Company's indirect investment with Amaranth. Amaranth has not provided a current valuation of its net assets since such report and the Company has not verified such information. Further, the information with respect to Amaranth's losses is based on limited information and is dated. As of September 1, 2006, Amaranth accounted for approximately 1.73% of the Company's overall net assets through the Company's investment in Goldman Sachs Global Relative Value, LLC. The Company's return for September is expected to be adversely affected due to its indirect investment with Amaranth, although the overall return for the Company will also be impacted by fluctuations in the values of its other indirect investments with other advisors. Due to limited information at this time, however, the exact impact to the Company cannot be determined."