|For all of their bravado and celebrity as the top proprietary traders at Goldman Sachs in the pre-financial crisis era, few have been able to make their own mark as independent hedge fund managers. As reported in the Financial Times, Goldman Sachs alumni, once revered as trading geniuses, are having a difficult time expanding their legend as recent, high profile hedge fund launches have crashed and burned. |
One of the most high profile hedge fund launches by a Goldman Sachs’ alumnus, Edoma Partners, started by Pierre-Henri Flamand, shut its doors after just two years. Shortly thereafter, UK-based Benros Capital, launched by two other former Goldman Sachs traders, lost its biggest investor, forcing it to close.
More recently, KKR shut down a $500 million hedge fund after hiring Goldman Sachs’ former head of U.S. equities, Bob Howard, with much fanfare.
|Hedge Fund Lists|
On the upside, there are at least two hedge funds started by Goldman Sachs’ alumni that continue to operate with some success – the Hong Kong-based Azentus Capital hedge fund and the Tech, Media and Telecom focused Coatue Capital hedge fund.