Pierre-Henri Flamand, the former London-based head of Goldman Sachs’s principal strategies group, has raised more than $1 billion in capital and commitments for his new hedge fund, Edoma Capital, MarketWatch reported, citing a person with knowledge of the matter. Edoma raised $820 million for its start later this year, and another $450 million in future [...]
The best-known — or, conversely, most infamous — investment bank proprietary trading desk is apparently on its way to being wound down. Goldman Sachs is closing its Principal Strategies group, which trades using the firm’s own money, Bloomberg News reported Friday, citing unnamed sources. The reason? The much-discussed “Volcker Rule,” which aims to limit banks’ [...]
The best-known — or, conversely, most infamous — investment bank proprietary trading desk is apparently on its way to being wound down. Goldman Sachs is closing its Principal Strategies group, which trades using the firm’s own money, Bloomberg News reported Friday, citing unnamed sources. The reason? The much-discussed “Volcker Rule,” which aims to limit banks’ [...]
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