Hedge Fund Founder, Goldman Vet Ruzika Dies

May 8 2012 | 11:18am ET

Richard Ruzika, the former Goldman Sachs commodities chief who was preparing to launch a hedge fund, has died, two weeks after suffering a stroke. He was 53.

Ruzika; Lance Bakrow, also formerly of Goldman; and Joe Howley, formerly of Tudor Investment Corp. and Sempra Energy, had set up Greenwich, Conn.-based Dublin Hill Capital earlier this year. Ruzika was to run the firm's planned Global Macro Fund, which was to debut this quarter.

Howley told Bloomberg News that Ruzika died yesterday at a Stamford, Conn., hospital.

Ruzika spent almost 30 years at Goldman Sachs, rising to serve as global head of commodities and head of special situations. He left the firm last year to found Dublin Hill. A Columbia University alumnus, Ruzika signed with the National Football League's New York Jets after graduating. He quit the team during training camp, saying he no longer wanted to play, and joined Goldman in 1982.

Ruzika suffered a stroke on April 22, three days after undergoing knee surgery. He is survived by his wife and two teenage children.

"We're deeply saddened by his passing," Goldman said in a statement. "For nearly three decades, Rich served Goldman Sachs with distinction."


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note