Hedge Funds

Research veteran Melnick joins long/short fund


After three years of virtual silence, PSD Capital of New York has tapped a Wall Street research veteran to add his marketing muscle and strategic guidance.

Andrew Melnick

Andrew Melnick, formerly global co-head of equity research at Goldman Sachs and 13-year global chief of equity research at Merrill Lynch, has taken an equity stake in the firm, which was founded by his old friend and former colleague, Stuart Goldberg.

Goldberg, who serves as the portfolio manager, was a research analyst at Merrill for seven years and launched PSD in 2002 after working as an analyst