Goldman Alts. Co-Chief Backs Smaller Hedge Funds

May 12 2011 | 1:01pm ET

Smaller hedge funds may have a very, very big ally in their efforts to raise money. Goldman Sachs is pushing investors towards smaller hedge funds, a top executive said yesterday.

"All flows have gone to managers with $2 billion and above over the past two years," Lawrence Restieri, co-head of Goldman's alternative capital markets group, told the SkyBridge Alternatives Conference in Las Vegas. "Intuitively, that would lead you to believe there's an opportunity in smaller emerging managers," those with less than $1 billion in assets.

What's more, Restieri said, finding smaller hedge funds for clients is good business.

"Larger clients, with $100 million plus, they don't need help finding Och-Ziff" Capital Management, Restieri explained. "They need help sorting through the thousands of smaller managers out there. So there's value that our platforms can provide there."


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...