Ex-Goldman Special Situations Chief Suffers Stroke; Planned Hedge Fund On Hold

May 3 2012 | 12:58am ET

A new hedge fund planned by veterans of Goldman Sachs and Tudor Investment Corp. has been put on hold after one of its founding partners suffered a stroke.

Richard Ruzika remains in intensive care at a Connecticut hospital. The 53-year-old suffered the stroke on April 22, three days after having surgery on his left knee.

Ruzika, former global head of special situations at Goldman, founded Greenwich, Conn.-based Dublin Hill Capital earlier this year with fellow Goldman veteran Lance Bakrow and Joe Howley, formerly of Tudor. Ruzika was to run Dublin Hill’s planned Global Macro Fund, which was to debut this quarter.

Those plans are now on indefinite hold.

“He won’t be able to work for the immediate future,” Howley told Bloomberg News.

Ruzika spent 29 years at Goldman, leaving the firm last year.

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