Goldman Principal Strategies’ Stars are Moving on: Perella Weinberg, Carlyle, PIMCO, KKR, BlackRock?

September 10th, 2010
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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:
Perella Weinberg Partners
Goldman Sachs Principal Strategies*
KKR Asset Management LLC
Related People: Ali Hedayat*; 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
Related Entities: Barclays Global Investors; 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
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings

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