Morgan Stanley Brazil Chief To Launch Hedge Fund

Jul 15 2011 | 12:52pm ET

Morgan Stanley's top executive in Brazil is leaving his post to launch a hedge fund with the help of Farallon Capital Management.

Daniel Goldberg will step down as president of Morgan Stanley Brazil later this month. He plans to found a special situations hedge fund focused on distressed debt, structured finance and private equity-style investments.

San Francisco-based Farallon will have a minority stake in the new firm, which does not yet have a name, Morgan Stanley said in an internal memo.

Goldberg, who was named head of Brazil's antitrust council in 2003 at the age of 27, became president of Morgan Stanley Brazil last year. He spent five years at the firm, including a stint as head of its investment banking operations in the country. Goldberg will become non-executive chairman of the unit when he steps down as its chief at the end of the month.

"Daniel has helped build a franchise that has never been stronger," Christopher Harland, head of Latin America, said in the memo.

Goldberg's plans were first reported by Veja magazine.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...