Goldman Sachs, the largest hedge fund manager in the world, has a new man at the helm of its alternative investments business. Marc Spilker, a 16-year Goldman vet most recently serving as co-head of U.S. equities trading and global head of volatility trading, succeeds George Walker, who left the firm in May to head up Lehman Brothers’ asset management business.
Spilker will oversee Goldman’s hedge fund strategies group, which invests in hedge funds, and its private equity group. He will not have a hand in running Goldman’s flagship hedge fund, the $10 billion Global Alpha fund, which has had a brutal year, falling 12%. This fund will remain as part of a separate quantitative strategies group headed by Mark Carhart and Raymond Iwanowski.
Spilker will report to the co-heads of Goldman Sachs Asset Management, Eric Schwartz and Peter Kraus.