Goldman's Top Two Mulling All-Star Hedge Fund Exit?

Mar 21 2011 | 7:23am ET

When it comes to wildly speculative market rumors, you can hardly beat this: The No. 1 and No. 2 executives at Goldman Sachs leaving their Wall Street perch to launch a hedge fund.

That's exactly what Fox Business Network's Charlie Gasparino suggested last week in reporting that Goldman CEO Lloyd Blankfein would leave the bank no later than next year. What's more, according to Gasparino, "his number two, Gary Cohn, has also expressed interest in leaving Goldman and starting his own hedge fund."

"You can see maybe both of them leaving; it could be the Blankfein Cohn hedge fund," Gasparino continued. "Maybe they'll start their own firm."

Cohn is Goldman's president.

The former CNBC correspondent said that Blankfein is "tired of running the company" and that "sometime in 2012, and maybe they'll announce it this year, Lloyd Blankfein will not be CEO of Goldman Sachs."


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR