Magnetar Capital LLC told investors it never sought to bet on the decline of the subprime-mortgage market, and that it didn’t select or have control over the individual assets that went into deals that have since been called “built to fail.” The Evanston, Ill., hedge-fund group has been accused of making trades similar to those at the heart of the Securities and Exchange Commission’s civil case against Goldman Sachs Group Inc.
Magnetar says it didn’t help create CDOs built to fail
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