Sunday, 23 November 2014
Last updated 2 days ago
Sep 9 2010 | 2:51pm ET
Several private equity powerhouses are among the asset management firms vying for the services of Goldman Sachs’ proprietary traders.
KKR & Co., the Carlyle Group and Perella Weinberg Partners are among the firms in talks with members of Goldman Sachs Principal Strategies’ U.S. team. Goldman has decided to shutter its proprietary trading desk to come into compliance with new U.S. banking regulations.
The Goldman traders are also in talks with BlackRock and Pacific Investment Management Co., Dow Jones reports. The discussions are thought to involve U.S. prop. trading chief Robert Howard, who would bring some members of GSPS with him were he to join one of the firms.
Goldman’s Asia prop. trading head, Morgan Sze, is weighing the launch of his own hedge fund that would also likely include members of GSPS’s Asia team.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...