Tuesday, 28 April 2015
Last updated 10 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…