Goldman Sachs aims to restore standing with $6bn hedge fund

Goldman Sachs is aiming to raise up to $6bn for its latest hedge fund in an effort to rebuild its re...

Goldman Sachs is aiming to raise up to $6bn for its latest hedge fund in an effort to rebuild its reputation in the industry. Slated for a January launch, Opportunistic Multi-Disciplinary Investment will take long and short positions, with a focus on the US. It will typically invest 75% in long/short equity with the remainder divided between convertibles, special situations, credit and other strategies, and 10% in private and illiquid holdings. The fund - which will be run by bank partners Raanan Agus, head of the proprietary trading desk, and Kenneth Eberts, head of the US prop desk ...