Goldman Sachs has reinforced its reputation as the greatest creator of hedge fund talent with a whole new generation of accomplished traders from the fabled equity proprietary trading business opening up their own funds. And this may not be the end of the story.
There is also talk that the departures have reached such epidemic proportions that Goldman is now considering a formal arrangment that would let its prop traders spin-out with Goldman money. Certainly, Eric Mindich is said to have already lined up proprietary capital from Goldman.
Mindich is probably the best known of the new generation of