Goldman Sachs strategist, Alan Jay Brazil, who recently published a controversial 54-page report for the firm's hedge fund clients, has one of the best seats at Goldman.
And it's not a corner office.
From Brazil's seat on Goldman's trading floor, he published a semi-secret report that suggested that European banks may need $1 trillion in capital and that U.S. small businesses, the engines of job creation, are languishing, just to name a few points he made.
But that's not why it's controversial. As a strategist on Goldman's Hedge Fund Strategies desk, he has a seat on the trading floor next to Goldman's brokers. So his opinion is informed by the trades that Goldman's clients employ Goldman traders execute.
In other words, his opinion is valuable. But it could work against you.
Goldman has a disclosure in bold letters on the top of each report that Goldman may have already traded on the information in the report. It's up to the client to figure out which side of the bet they want to be on, but if it's the one Goldman recommends, they'll set it up for you, for a fee.
Brazil was head of Goldman's Hedge Fund Marketing as of 2009. The Wall Street Journal says he works in the firm's Hedge Fund Strategies group.
Brazil develops trading strategies for hedge funds across product classes including credit, mortgages, equity, currencies and commodities, according to a profile of him on Kellogg's website.
To help him lose some lbs. in the early 2000s, Brazil's wife gave him gift of one-on-one training sessions with renowned fitness trainer David Kirsch, whose clients have included Heidi Klum and Invanka Trump.
Here's what Brazil said about his workout experience:
"Working out with a personal trainer was not my idea of exercising, but then again I was never able to stay with any exercise program despite having been a member of the various big name gyms over the years....As a result, I've lost 20 lbs. and exchanged fat for muscle in only six months of working out with him. Summer will no longer be a traumatic experience! Both my wife and I have joined."
Brazil might also be a Republican. He donated toJohn McCain's presidential campaignback in March 2007. He's also made political contributions to The Goldman Sachs Political Action Committee.
This story originally appeared on Business Insider
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