Goldman Sachs has named Edward Forst co-head of its investment management business, which oversees its hedge funds and alternative investments, many of which have been rocked by troubles in the credit and equities markets.
Forst was most recently vice president and chief administrative officer. He succeeds Eric Schwartz, who retired in June after four years at the helm of the asset management group, alongside Peter Kraus. Kraus remains co-head.
Forst will remain based in London.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...