Tuesday, 5 May 2015
Last updated 9 min ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…