Goldman Funding ex-Barclays Trader through Seeding Fund

December 14th, 2011
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Goldman Sachs, the New York-based global investment banking and securities firm, plans to provide $150 to $200 million in seed money for a hedge fund launch led by ex-Barclays commodities trader Todd Edgar. Goldman started a “seeding fund” earlier this year after Congress passed the Volcker rule restricting banks abilities to invest in hedge funds. Goldman’s seeding fund circumvents the Volcker rule by using client money, specifically from pension funds and wealthy individuals, rather than federally backed deposits. In return for the capital, Goldman will receive a percentage of the fees the fund generates.

Todd Edgar’s new fund will be headquartered in New York and will bet on metals futures and options.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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by take advantage on May 8th, 2012

I see this being a great investment here. You are able to get so much from it. I would definitely take advantage of this. future steel buildings


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