{"id":6821,"date":"2007-11-23T00:00:00","date_gmt":"2007-11-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goldman-sachs-aims-to-raise-4-bln-to-6-bln-for-new-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2007\/goldman-sachs-aims-to-raise-4-bln-to-6-bln-for-new-hedge-fund.html","title":{"rendered":"Goldman Sachs aims to raise $4 bln to $6 bln for new hedge fund"},"content":{"rendered":"<p>  MarketWatch- Goldman Sachs is aiming to raise $4 billion to $6 billion for a new hedge fund as the investment bank tries to rebuild its reputation in the hedge fund business, it has told potential  investors according to a story on the FT.com Web site Thursday.<\/p>\n<p>  The new fund &#8211; run by bank partners Raanan Agus, former head of the proprietary trading desk, and Kenneth Eberts, former head of the U.S. proprietary desk &#8211; will be the first from the bank to focus  on picking shares, rather than using computerized, or quantitative, approaches. Goldman declined to comment, the story said.<\/p>\n<div class=\"p\">  If the new fund gets close to $6 billion, it will be one of the biggest launches ever, rivaling the $6 billion Convexity Capital, created last year by Jack Meyer, former head of the Harvard  endowment, the article said.<\/div>\n<div class=\"p\">\n<div class=\"p\">  Goldman&#8217;s fundraising goal is particularly aggressive because investors will not be able to withdraw their money for two years, a lock-up likely to deter many, the report said.<\/div>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/8-0&amp;fd=R&amp;url=http:\/\/www.marketwatch.com\/news\/story\/goldman-sachs-aims-raise-4\/story.aspx%3Fguid%3D%257B5CC3A708-A7E7-4139-AD96-2EC0742342BD%257D&amp;cid=1123982326&amp;ei=eb9GR6aVJKXeqwOCyrDkCw\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MarketWatch- Goldman Sachs is aiming to raise $4 billion to $6 billion for a new hedge fund as the investment bank tries to rebuild its reputation in the hedge fund business, it has told potential investors according to a story [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6821","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6821"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6821\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}