Goldman finds the right formula to build a giant

Sun May 1, 2005



Carhart and Iwanowski push the bank into the quant manager elite

Think Goldman Sachs and think quantitative hedge fund stars and you probably think Cliff Asness and his Greenwich-based AQR Capital Management. You're right. But only half right. In fact, the men who rebuilt Goldman's Quantitative Strategies Group after AQR's highly-regarded partners decamped to form their own firm have quietly built it into one of the largest and most profitable players in the highly academic and idiosyncratic world of quantitative global macro funds, a fraternity that includes AQR, Bridgewater, D. E. Shaw, Quantitative Financial Strategies, Alpha Simplex and Barclays Global Investors.

Today, Goldman - so long a breeding ground for hedge funds run by its departed partners — suddenly finds itself the seventh-largest U.S. hedge fund operator, with a total of $11.2 billion of assets. Yet, the men who have reinvented the Goldman quantitative group, Mark Carhart and Ray Iwanowski, are...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI