Two of Goldman Sachs' major internal hedge fund units will now share a leader.
Raanan Agus, who heads Goldman Sachs Investment Partners, will take over as chief investment officer of Liberty Harbor, the bank's $5 billion credit hedge fund unit. He takes over from Gregg Felton, the former Amaranth Advisors trader who has led Liberty Harbor since joining Goldman in 2006.
Goldman also told clients Monday that Brendan McGovern and Sal Lentini, Amaranth veterans who joined Goldman with Felton, would serve as co-heads of investment for Liberty Harbor. McGovern had been head of research at the group and Lentini head of credit trading.
Liberty Harbor has 20 employees.