WEST PALM BEACH, FL (www.hedgeco.net) – Emmanuel Roman has announced his departure from Goldman Sachs to join a hedge fund management firm as a partner. According to Reuters, Roman joined GLG HedgeFund Partnership according to a statement released Tuesday. He was recruited by Goldman Sachs in 1987, and has served in the Goldman Sachs fixed income, investment banking as well as in the Capitalmarket departments.
In 1996, Roman was appointed a managing director of Goldman Sachs and he subsequently became the co-head of Goldman Sachs world-wide Global Securities Services. He has held that position since the year 2000.
This is the latest traditional asset manager to cross over to the hedge fund management arena. Such crossovers peaked between 2003 and 2004, as many Wall Street money managers either joined a hedge fund management firm or branched out on their own to start their own hedge fund companies. The trend has since slowed down but occasionally new departures are announced.
Hedge Funds have continued to attract investor assets, but the level of returns have moderated in recent years. In 2004 hedge funds provided their investors average returns in the range of 8-9 percent. Details about Roman�s new responsibilities at GLG Partnership have not been released.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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