Avenue Capital, KKR and Perella Weinberg Vying for Goldman Sachs Trading Unit

September 29th, 2010
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Three firms, including hedge fund manager Avenue Capital Group, private equity firm KKR and investment bank Perella Weinberg, are courting the U.S.-based principal strategies group of Goldman Sachs after Goldman Sachs announced intentions of spinning the group off to comply with new U.S. regulations.

The principal strategies team, which invests the firm’s own money across various strategies, is run by Bob Howard and could possibly disband if a deal isn’t reached. Marc Lasry, founder of Avenue Capital Group, is said to be pursuing the team personally in an effort to expand his firm’s focus outside of distressed and credit investing.
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For Detailed Investor Profiles on these Investors, click below:
Avenue Capital Group
Perella Weinberg Partners
Goldman Sachs Principal Strategies*
Related People: Ali Hedayat*; Andrew Metcalf* ; Bob Boldt; Bob Boldt; Bob Howard*; Christopher Bittman; Dan Arbess; Dinakar Singh*; Ed Gellert; Emile Westergaard; Emmanuel Niogret*; Eric Mandelblat*; Eric Mindich*; Jon Ford; Joseph Perella; Joseph R. Perella; Malcolm Robinson; Marc Lasry; Matthew Kimble; Michael Elkins; Morgan Sze*; Peter Weinberg; Pierre-Henri Flamand*; Ralph F. Rosenberg*; Raul Ramirez; Richard Furst; Rob Symington; Shawn Foley; Sonia Gardner; Terry Meguid
Related Entities: Goldman Global Special Situations Group; Goldman Global Special Situations Group (GSSG); Goldman Principal Strategies; Goldman Prop Trading; Goldman Sachs & Co; GS Capital Partners; GS Principal Strategies Group; Amroc Investments; Avenue Capital Group; Avenue Capital Management; Avenue Capital Real Estate; Avenue CLO Fund; Avenue International LTD; Avenue Special Situations; Avenue US Strategy; Goldman Proprietary Trading; Perella Weinberg Agility Funds; Perella Weinberg Aileron Hedge Funds; Perella Weinberg Partners Oasis; Perella Weinberg Xerion Capital; University of Colorado Foundation
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions; Hedge Fund Jobs, Hirings and Firings

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