Goldman Sachs has reportedly raised $7 billion, through a combination of internal and external investment, for GS Investment Partners, the new hedge fund run by two former executives of Goldmans principal strategies group.
Raanan Agus, former head of the principal strategies group, and Kenneth Eberts, who had been managing U.S. investments for the group, will manage the fund, which is expected to begin trading on February 1.
The fund will invest up to three-quarters of its assets in the United States and between 10% and 30% in Asia. Some 10% is earmarked for corporate credit. The fund will employ