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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR