Hedge Funds

Karlsson joins Mindich for $1bn-plus launch


Eric Mindich is now teaming up with Erland Karlsson, the head of Goldman Sachs' proprietary trading operation in London, for the launch of his multi-strategy fund that is attracting considerable interest from investors and is expected to launch with over $1 billion later this year.

The arrival of Karlsson, who has a huge reputation amongst other proprietary traders in London, is an indication of the scale of the operation that Mindich is planning. In addition to the firm's New York head office, it will now have a significant trading presence in London.

Apart from his ability to make money, Mindich