Goldman’s Kraus Joins Merrill

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...