Goldman Money Management Chief, Chanos Foe Retires

Feb 16 2010 | 3:47am ET

Marc Spilker, co-head of Goldman Sachs Asset Management since 2008, is retiring from the Wall Street giant.

Spilker is a 20-year veteran of Goldman, and served as head of global alternative asset management at the firm from 2006 until his promotion to lead the firm’s asset management unit. He is, however, perhaps best known for his 2007 tiff with Kynikos Associates chief James Chanos.

Spilker and Chanos were neighbors in East Hampton, N.Y., and the former accused the latter of allowing a hedgerow on his property to block a common path to the beach. But when Chanos refused to do anything, Spilker-hired contractor bulldozed Chanos’ hedges.

Edward Forst will take the reins from Spilker, just six months after rejoining the firm after a 16-month absence. Forst spent the intervening period overseeing finances at his alma mater, Harvard University.

“Marc has made outstanding contributions throughout the firm and has mentored many colleagues who have developed into our important leaders,” Goldman CEO Lloyd Blankfein and President Gary Cohn said in an internal memo.

Spilker will become a senior director at Goldman, serving as an advisor to the firm. Senior directors are not employees of Goldman.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR