Goldman's Asia Prop. Team Hires COO For Hedge Fund

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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.