Lone Pine's Krishnan Teams With Goldman Vet For New Fund

Dec 7 2011 | 12:11pm ET

Lone Pine Capital veteran Eashwar Krishnan isn't going it alone as he seeks US$1 billion for an Asia-focused hedge fund.

Krishnan will be joined at his unnamed new hedge fund by Tanvir Ghani, former head of capital introduction for the Asia-Pacific region at Goldman Sachs, Reuters reports. Ghani's connections and fundraising experience will be vital to the Hong Kong-based firm as it tries to become one of only a handful of Asia-based hedge funds managing at least US$1 billion.

Ghani, who left Goldman in November after more than a decade at the firm, is only the latest Goldman veteran to try his hand at running a hedge fund. Some of the bank's top traders, among them Daniele Benatoff, Pierre-Henri Flamand, Eric Mandelblatt, Ariel Roskis and Morgan Sze, have launched funds, with Sze's Azentus Capital the gold standard, having raised in excess of US$2 billion in less than four months. Most recently, the son-in-law of former President Bill Clinton teamed up with two former colleagues at Goldman to ready a new hedge fund.

Ghani and Krishnan's new firm aims to launch its maiden hedge fund in April. Lone Pine will invest in the management company, but not in its products. Krishnan will serve as chief investment officer and Ghani as chief operating officer.

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