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Post# of 648882
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Stock Lobster

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Stock Lobster

Re: stormy weather post# 299093

Sunday, 01/24/2010 7:34:41 PM

Sunday, January 24, 2010 7:34:41 PM

Post# of 648882
Chair of Goldman Hedge Fund Group Said to Retire

January 22, 2010, 1:33 pm

The chairman of Goldman Sachs’s quantitative hedge fund group, whose funds run off of complex computer trading algorithms, plans to step down at the end of the month, Bloomberg News reported Friday, citing unnamed sources.

The plans by Robert Litterman, who played an advisory role and didn’t manage money, were not tied to President Obama’s proposal to separate proprietary trading and commercial banking, Bloomberg said. Nor were they related to Goldman’s reported decision to shut down the unit’s Global Equities Opportunities fund, which required a bailout from the firm.

A Goldman spokeswoman confirmed Mr. Litterman’s plans to Bloomberg.

http://dealbook.blogs.nytimes.com/2010/01/22/chair-of-goldman-hedge-fund-group-said-to-retire/

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