Goldman’s Agus Starts In-House Hedge Fund

Oct 16 2007 | 9:48am ET

Goldman Sachs has moved its most successful proprietary trader to its asset management unit, where he will run a new hedge fund.

Goldman Sachs Asset Management has begun to raise money for Raanan Agus’ new fund, which will employ a similar strategy to that he used at the Wall Street giant’s multi-strategy principal strategies group.

About half of Agus’ 75-member team is to move to GSAM, with the rest, including top traders Pierre-Henri Flamand in London and Morgan Sze in Hong Kong, will remain with principal strategies.

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