Ex-Goldman Trader McGoldrick Plans $5B Hedge Fund

Sep 8 2008 | 10:00am ET

A former star trader for Goldman Sachs who quit because he found his $70 million annual salary wanting is going into business for himself.

Mark McGoldrick, who helped set up Goldman’s highly-profitable special-situations group, earning him the nickname “Goldfinger,” plans to set up a special situations hedge fund. He has even retained his old firm to help him raise $5 billion for it, The Telegraph reports.

McGoldrick’s new fund is expected to attempt to profit from the global equities market volatility, buying up companies and assets that have seen their values collapse.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note