Another top Goldman Sachs trader has left the firm, possibly for the hedge fund industry.
Raj Sethi spent 14 years at Goldman, most recently as a managing director in its commodity derivatives trading group. But he left the firm earlier this week, along with Ben Jacobs, a commodities vice president, Bloomberg News reports.
According to Bloomberg, Sethi may join a hedge fund. If he does, he'll be the latest Goldman proprietary trading veteran to do so as new U.S. regulations barring prop. trading come into force.
During his Goldman career, Sethi ran the bank's U.S. power-trading desk and traded oil and other commodities in New York, London and Singapore.