Goldman Commodities Prop. Trader Quits, Eyes Hedge Fund

Mar 21 2012 | 1:49pm ET

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note