Goldman’s Weinstein Plans Event-Driven Hedge Fund

Jun 14 2010 | 1:13pm ET

Goldman Sachs’ former risk-management chief is launching a hedge fund.

Gregg Weinstein hopes to launch his RocWood Capital Management in the third quarter. The new fund will invest across the corporate capital structure, Bloomberg News reports.

Weinstein, a 17-year Goldman veteran who left the firm in December, has already hired seven employees and plans to add five more prior to launch.

RocWood does not have a target size, and it is unclear how much Weinstein will be able to raise. He is expected to begin marketing the new fund next month.

Weinstein was global head of risk management at Goldman Sachs Asset Management. During his time at Goldman, he also served as head of U.S. investment-grade credit trading and convertible bonds.

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