Tuesday, 29 July 2014
Last updated 1 hour ago
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."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…