Goldman Power Trader May Launch Hedge Fund

Mar 7 2012 | 2:07pm ET

Another Goldman Sachs trader has left the firm and may be eyeing a hedge fund career.

Phil Beatty resigned yesterday as head of European power and natural-gas trading, SparkSpread reports. He may start a hedge fund, SparkSpread added.

Beatty has spent the last 10 years at Goldman.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.