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September 08, 2008

News for 8 September 2008

Ex-Goldman trader to raise $5 billion for hedge fund [NY Times]
Mark McGoldrick, former Goldman Sachs trader whose track record on the Wall Street firm apparently earned him the sobriquet "Goldfinger"

Lehman Brothers shakes up management [Yahoo Finance]
Lehman Brothers shakes up senior management, moves effective immediately

JPMorgan launches Target Date Navigator [Yahoo Finance]
First-of-its-kind process to effectively guide target date fund selection

Lehman meeting with buyers for Neuberger [Reuters]
Lehman Brothers is meeting with potential buyers of its Neuberger Berman asset management unit

Goldman Sachs plans maiden India equity fund [Reuters]
The Indian fund unit of Goldman Sachs, which received regulatory approval to launch mutual funds last week filed initial papers

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McGoldrick's target is ambitious, especially now. We’ll see how close he gets. This post provides the story of his departure from Goldman. http://www.davemanuel.com/2008/09/08/mark-goldfinger-mcgoldrick-to-run-his-own-hedge-fund/

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