Goldman Sachs Asset Management lost three key members of its quantitative investment strategies group this week. Raymond Iwanowski and Mark Carhart, co-heads of the group, and Giorgio De Santis, co-head of the division’s research, all submitted their resignations.
Iwanowski and Carhart ran the firm’s Global Alpha fund and helped it reach peak assets of $12 billion in 2007 before large losses and redemptions shrank the fund to $2.5 billion last year.
The pair have been replaced by Katinka Domotorffy, who was previously head of strategy for the quantitative group. Domotorffy has been in Goldman’s quantitative group since she