Jefferies Creates Hedge Fund Relationship Group

Oct 5 2010 | 12:51pm ET

Jefferies has launch a hedge fund relationship group, hiring a Goldman Sachs veteran to lead it.

Josh Gold has been named a managing director at the investment bank. In his new post, he'll oversee Jefferies' overall relationships with U.S. hedge funds.

Gold joins from research firm and broker-dealer Dematteo Monness. Prior to that job, he led Goldman's dedicated hedge fund coverage effort in Boston, and has previously worked for Donaldson Lufkin & Jenrette and Bear Stearns.

"The establishment of a hedge fund relationship group is further evidence of Jefferies' commitment to strengthening our equity and fixed income sales and trading platform, and to providing quality, best-in-class service to our global institutional clients," CEO Richard Handler said. "Given his strong background, Josh Gold is well-qualified to lead this strategic effort for Jefferies as we continue to focus on our customers."

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