Goldman Currency Trader Cho To Launch Macro Fund

Jun 26 2014 | 11:07am ET

A two-decade veteran of Goldman Sachs is set to launch his own hedge fund by the end of the year.

Steven Cho has set up Kings Peak Asset Management in New York. The firm will launch its maiden hedge fund, a macro strategy, in the fourth quarter, Bloomberg News reports.

Cho was head of spot of forward trading of Group of 10 currencies at Goldman before his departure in April. He spent 18 years at the bank.

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