Wednesday, 25 November 2015
Last updated 1 hour ago
Sep 28 2010 | 12:24pm ET
Avenue Capital Group has jumped into the sweepstakes to lure Goldman Sachs’ top proprietary traders.
The $19 billion New York hedge fund is in talks with Robert Howard, the head of Goldman Sachs Principal Strategies’ U.S. team, about joining the firm and bringing his group with him. Howard is also negotiating with private equity giant Kohlberg Kravis Roberts and boutique investment bank Perella Weinberg Partners, Bloomberg News reports.
Earlier this month, BlackRock, the Carlyle Group and Pacific Investment Management were also reported to be pursuing the group.
Goldman earlier this month decided to close its prop. trading desks to bring it into compliance with newly-enacted U.S. banking regulations. The bank’s Asia prop. trading chief, Morgan Sze, is reportedly considering the launch of his own hedge fund.
Other members of the Principal Strategies team are expect to be reassigned within Goldman, while still others are likely to seek employment elsewhere.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…