Wikileaks GI Files: Stratfor plotted with Goldman Sachs to set up investment fund

International Business Times reports: Stratfor intelligence firm attempted to set up an investment fund with Goldman Sachs’ director to trade on the intelligence Stratfor collects, the email dumped by Wikileaks on Monday show.

In 2009, the then managing director of the investment bank, Shea Morenz, planned to utilise the intelligence from the insider network “to start up a captive strategic investment fund”.

“What StratCap will do is use our Stratfor’s intelligence and analysis to trade in a range of geopolitical instruments, particularly government bonds, currencies and the like,” reads an email by Stratfor’s CEO George Friedman.

The emails show that Morenz in 2011 invested more than $4 million and joined Stratfor’s board of directors.

During 2011, a formally independent offshore share structure was built up with the name of StratCap. But Friedman himself told his Stratfor staff that StratCap intelligence fund was secretly integrated to the intelligence firm.

“Do not think of StratCap as an outside organisation. It will be integral,” he wrote. “It will be useful to you if, for the sake of convenience, you think of it as another aspect of Stratfor and Shea as another executive in Stratfor… we are already working on mock portfolios and trades”.

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