{"id":8496,"date":"2008-08-29T00:00:00","date_gmt":"2008-08-29T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"former-goldman-big-departs-from-hedgie-halcylon","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/former-goldman-big-departs-from-hedgie-halcylon.html","title":{"rendered":"Former Goldman Big Departs From Hedgie Halcylon"},"content":{"rendered":"<p>New York Post &#8211; Former Goldman Sachs exec Steve Mandis has left the $12 billion hedge fund Halcyon Asset Management &#8211; one of the oldest hedge funds on Wall Street, according to an investor letter. <\/p>\n<p> Mandis was vice chairman and chief investment officer at Halcyon Structured Asset Management LP, a lending subsidiary of Halcyon that he helped co-found about four years ago with about $1 billion in capital. <\/p>\n<p> According to an investor letter issued Tuesday and obtained by The Post, Mandis&#8217; departure is &quot;effective immediately,&quot; and the firm expects to announce a succession plan &quot;as soon as possible.&quot; <\/p>\n<p> Although the official reason for Mandis&#8217; departure could not be learned, people familiar with the matter said his lending subsidiary had been performing poorly and was drawing the ire of some of the firm&#8217;s biggest institutional investors. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/08292008\/business\/former_goldman_big_departs_from_hedgie_h_126642.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; Former Goldman Sachs exec Steve Mandis has left the $12 billion hedge fund Halcyon Asset Management &#8211; one of the oldest hedge funds on Wall Street, according to an investor letter. Mandis was vice chairman and [&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":[310,1206,508,428,517,147,1138,101,358],"class_list":["post-8496","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-25m","tag-bad-news","tag-current-value","tag-founding-partners","tag-journalism","tag-new-position","tag-raanan-agus","tag-value-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8496","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=8496"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8496\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}