Former UBS prop trader secures Goldman backing

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The former head of U.S. proprietary trading at UBS Investment Bank, Shane Finemore, has raised $300 million for the hedge fund he plans to launch in August, with backing from Goldman Sachs and the family office of Westfield Group chairman and co-founder Frank Lowy, according to a person familiar with the situation. As reported first in Absolute Return, Finemore hopes to launch with between $500 million and $1 billion.

In addition to the $300 million from Goldman Sachs and the family office of Frank Lowy, a fellow Australian and one of that country’s richest men, Manikay Partners’ employees