Goldman's Assaly Plans Quant. Hedge Fund

Apr 17 2012 | 2:29pm ET

Yet another former Goldman Sachs proprietary trader is set to launch a hedge fund.

George Assaly has founded Alcova Asset Management. The quantitative hedge fund could prove to be one of the largest launches of the year, HFMWeek reports.

Assaly was head of Europe, Middle East and Africa quantitative trading at Goldman until leaving in June. He spent seven years at the bank, which he joined from BNP Paribas. Prior to taking over EMEA quant. trading, he led Goldman's Asia quant. desk in Tokyo.

Assaly is working with former PCE Investors chief operating officer Russell Hart on the new venture. No other information about Alcova was available.

At least seven former Goldman prop. traders or groups of former prop. traders have launched their own hedge funds, are planning to do so or have joined an existing shop. The group is led by Pierre-Henri Flamand and Morgan Sze, whose Edoma Capital Partners and Azentus Capital Management already manage billions. Goldman was forced to shutter its prop. trading operations to come into compliance with new U.S. regulations.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.