Touted Goldman Sachs Alumni Disappoint in Hedge Fund Start-ups, Except for Azentus Capital & Coatue Capital

June 24th, 2014
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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.

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.
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For Detailed Investor Profiles on these Investors, click below:
Azentus Capital
Benros Capital Partners*
Coatue Capital
Edoma Capital*
Goldman Sachs Principal Strategies*
KKR Asset Management LLC
Related People: Ali Hedayat; Ali Hedayat*; Andrew Metcalf* ; Ariel Roskis; Bob Howard; Bob Howard*; Bruce Kirk; Christopher Sheldon; Conrad Levy (COO); Daniele Benatoff; David Scully (CMO); Derek Larson; Dinakar Singh*; Emmanuel Niogret; Emmanuel Niogret*; Eric Mandelblat*; Eric Mindich*; Jeffrey Zielinski; Jenny Sun Kin-nam; Martina Slowey; Mohan Rajasooria; Morgan Sze; Morgan Sze*; Philippe Laffont; Pierre-Henri Flamand; Pierre-Henri Flamand*; Ralph F. Rosenberg*; Roger Denby-Jones; Thomas Laffont; William Sonneborn
Related Entities: Azentus Capital Partners; Goldman Global Special Situations Group; Goldman Global Special Situations Group (GSSG); Goldman Principal Strategies; Goldman Prop Trading; Goldman Sachs & Co; GS Capital Partners; GS Principal Strategies Group; KAM; KKR Asset Management; KKR Asset Management LTD; KKR Financial Holdings LLC; Azentus Capital Limited; Benros Capital Partners; Benros Capital Services (UK) Ltd; Brummer and Partners (UK) Ltd; Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; Edoma Capital Partners; Goldman Proprietary Trading; Kohlberg Kravis Roberts & Co.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Featured Reports; Hedge Fund Launches and Hedge Fund Closings

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