Jones, Quant Chief At Goldman, To Step Down

Nov 11 2010 | 2:05am ET

Robert Jones, the head of quantitative investing at Goldman Sachs who oversaw the rise and fall of the firm’s Global Alpha hedge fund, is retiring from the firm.

Jones helped launch the firm’s quant. division 21 years ago and has been a top executive there ever since. He was once expected to be succeeded by Mark Carhart, the former Global Alpha co-manager who served as Jones’ co-chief investment officer at the quantitative equity group.

But Carhart and Raymond Iwanowski, the co-manager of Global Alpha, left the firm last year, after the one-time “Cadillac of hedge funds” lost 40% in 2007 and continued to hemorrhage assets in the ensuing years.

Jones has recently stepped back from day-to-day money management. He will not be replaced.

Jones’s future plans remain unclear. According to The Wall Street Journal, he has discussed a consulting role that would not involve direct money management. Both Carhart and Iwanowski have since launched hedge fund firms of their own.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

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.