Goldman Sachs proprietary traders form internal fund

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Goldman Sachs has spawned a significant portion of the world’s largest, most successful hedge funds, many of which came from Goldman’s famous principal strategies team. Former heads of that team to successfully spin off include TGG-Axon’s Dinakar Singh, Taconic Capital’s Frank Brosens and Eton Park’s Eric Mindich. Now, in a historic move, a group of traders from that team will be setting up a hedge fund within the firm’s asset management division, rather than spinning off on their own, according to press reports.

Raanan Agus, who oversees the principal strategies group, is launching a long/short equity fund, as yet