International Herald Tribune – A new Goldman Sachs Group stock hedge fund could be launched with more than $6 billion (3 billion pounds), with some investors expecting the fund to attract as much $10billion, people familiar with the fund said.
Goldman has been raising money and preparing to launch its latest fund for the past few months. Goldman Chief Executive Lloyd Blankfein told investors last month the new long-short fund would focus on equities and help diversify the firm’s fund offerings for clients.
The fund also will help Goldman retain successful traders who might otherwise be tempted to strike out on their own or join a rival firm.
