Goldman Principal Strategies’ Stars are Moving on: Perella Weinberg, Carlyle, PIMCO, KKR, BlackRock?
|September 10th, 2010
|Since last week’s announcement that Goldman Sachs was shutting down its venerated principal strategies group to comply with the Dodd-Frank act, news has swirled that a number of blue-chip firms are attempting to grab the investment group’s coveted managers and traders. Some of the firms that are reportedly involved include PE shops KKR & Co and Carlyle, asset management giants BlackRock and Pacific Investment Management Co (PIMCO), as well as Perella Weinberg Partners, a growing M&A and hedge fund boutique that was launched by Joe Perella in 2006. |
According to a Wall Street Journal article, the head of the Goldman’s US principal strategies team, Bob Howard, could likely strike a deal with one of the above mentioned firms, potentially taking along with him a significant core of his US team. Another senior team member, Morgan Sze, is reportedly looking into starting his own hedge fund venture. Mr. Sze currently leads Goldman’s Asia-based prop trading team.
Where ever the key players of Goldman’s principal strategies group land, it is certainly expected that they will attract serious asset inflows. According to a Citigroup sell-side report estimate, the group currently generates $100 million - $200 million in revenue for the investment bank on a quarterly basis.
For Detailed Investor Profiles on these Investors, click below:
|Andrew Metcalf* ; ||Bill Gross; ||Bob Boldt; ||Bob Boldt; ||Bob Howard; ||Bob Howard*; ||Christopher Bittman; ||Christopher Sheldon; ||Dan Arbess; ||Derek Larson; ||Dinakar Singh*; ||Emile Westergaard; ||Emmanuel Niogret*; ||Eric Mandelblat*; ||Eric Mindich*; ||Joseph Perella; ||Joseph R. Perella; ||Laurence D. Fink; ||Mohamed A. El-Erian; ||Morgan Sze*; ||Peter Weinberg; ||Pierre-Henri Flamand*; ||Ralph F. Rosenberg*; ||Terry Meguid; ||William Sonneborn|| 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; || KAM; || KKR Asset Management; || KKR Asset Management LTD; || KKR Financial Holdings LLC; || Merrill Lynch Investment Managers; || PNC Financial Services; || State Street Research & Management; ||Allianz SE; ||Bank of America; ||BlackRock Equity Funds; ||Blackstone Group*; ||Goldman Proprietary Trading; ||Kohlberg Kravis Roberts & Co.; ||Pacific Investment Management Company LLC; ||Perella Weinberg Agility Funds; ||Perella Weinberg Aileron Hedge Funds; ||Perella Weinberg Partners Oasis; ||Perella Weinberg Xerion Capital; ||PIMCO Europe LTD; ||PIMCO Global Advisers; ||PIMCO Global Bond Fund; ||PIMCO Total Return Fund; ||University of Colorado Foundation|
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