GS star Flamand's plan heralds rush of bank spin-outs

Fri Mar 26, 2010

Leading banks are battling to land the prime brokerage mandates for what looks like being one of the largest prop trading/hedge fund spin-outs in London for several years.

Pierre-Henri Flamand, the head of the highly profitable Goldman Sachs Principal Strategies group, has gone live with plans to set up his own hedge fund in London.

The move could be the first of many big...

ISSN: 2151-1845 / CDC10004H

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