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Author Topic: Is Goldman Sachs diversifying / reforming like ACORN?  (Read 1134 times)
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WhiskeyGirl
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« on: March 12, 2010, 02:08:38 PM »

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Pierre-Henri Flamand is one of the company's star money managers and he earned a $100m (£66m) bonus two years ago.

Rumours circulated recently that the company was looking at moving its proprietary trading desk to Geneva. However, with the exodus of top talent to the better tax environment in Switzerland, the decision not to move could now cost Goldman dear.


Quote
Other Goldman veterans have also set up their own funds. In 2004, Erik Mindich, a former partner, started hedge fund Eton Park Capital Management. Mark Carhart, another of Goldman's previous star hedge fund managers is also believed to be planning to set up his own fund.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7424680/Goldman-star-Pierre-Henri-Flamand-leaves-to-set-up-own-fund.html

Is Goldman recreating itself?  Something like ACORN did, to create a target that is harder to hit?  Deflect all the bad press?
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