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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...