Goldman Sachs Hedge Fund Folding London Operations, Shifting Staff to U.S. - Sources
Reuters ---- Goldman Sachs Group Inc's (GS.N) hedge fund Goldman Sachs Investment Partners (GSIP), which was one of the largest-ever hedge fund launches in history, is closing its London operations and shifting staff members to New York, four sources told Reuters. About eight staff members who made up the London team were recently told to move to Goldman's Battery Park City headquarters or find a new job internally, said the sources. The move was triggered by managing director Nick Advani, who led the hedge fund from London and said in June he would be stepping down from his role, the sources said. For more information on Goldman Sachs hedge fund folding London operations and shifting staff to U.S. click on the picture to read more from Reuters.