Friday, 28 August 2015
Last updated 9 hours ago
May 6 2008 | 9:33am ET
Peter Kraus, who headed Goldman Sachs’ hedge fund efforts until he left the firm in March, has joined Merrill Lynch.
Kraus will oversee strategy and investments at Merrill, and will serve on the firm’s investment committee.
“Peter Kraus will be a tremendous resource to me and the senior management team in identifying the best opportunities for growth and investment around the world,” Merrill CEO—and Goldman veteran—John Thain said in a statement. Kraus will report directly to Thain.
At Goldman, Kraus was co-head of Goldman Sachs Asset Management and oversaw its flagship Global Alpha hedge fund. Many Goldman hedge fund products, including Global Alpha, suffered big losses last year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…