Thursday, 7 May 2015
Last updated 15 hours ago
Oct 13 2010 | 12:20pm ET
Goldman Sachs' Asia proprietary trading team has hung out its shingle as an independent hedge fund firm, so to speak: They have hired a chief operating officer.
Roger Denby-Jones has become, in effect, the first employee of the new Hong Kong-based firm, as the traders behind it remain at Goldman Sachs for the time being. But the group, led by Morgan Sze, head of Principal Strategies in Asia, are expected to leave Goldman by the end of the year and launch their hedge fund after the first quarter of next year, Bloomberg News reports.
Denby-Jones joins the new hedge fund from Boyer Allan Investment Management, where he was CEO. Like his future colleagues, he is also a Goldman veteran, having led prime brokerage sales in Europe before joining Boyer Allan in 2005.
Sze's Asia-based Goldman team include more than 10 members. Sze is no doubt buoyed by news that three former Goldman executives, including his predecessor, Pierre-Henri Flamand, have each raised at least US$500 million in advance of their launches next month.
Goldman's New York-based proprietary trading chief, Robert Howard, is in talks with several asset managers, including Avenue Capital Group and the Carlyle Group, about joining those firms and bring his group with him. Other members of Goldman's U.S. prop. desk are expected to be reassigned within the firm.
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…